Old Mutual Global Investors expands fund range offered in Hong Kong
North American Equity and Europe (ex UK) Smaller Companies strategies now available
Old Mutual Global Investors is pleased to announce that it has expanded the investment product range available to investors in Hong Kong.
The US$ 150 million¹ Old Mutual Europe (ex UK) Smaller Companies Fund and the US$292 million¹ Old Mutual North American Equity Fund have now been authorised for distribution to the public in Hong Kong. Both funds are sub-funds of the Dublin-domiciled Old Mutual Global Investors Series plc umbrella.
Carol Wong, Managing Director, Head of Asia Distribution, comments:
“This is a very positive development for Old Mutual Global Investors. Both funds are managed by top class asset managers who have strong investment performance track records. We plan to differentiate ourselves by being a ‘best in class’ investment house and add quality funds to ensure we maintain that positioning quality. We are confident that investors will be interested in hearing more about these products.”
The Old Mutual Europe (ex UK) Smaller Companies Fund is managed by Ian Ormiston who has 20 years’ experience in managing European smaller companies investment strategies. Launched on 10 November 2014, the objective of this fund is to aim to achieve long term capital growth through investing primarily in an equity portfolio of smaller companies incorporated in Europe (excluding the United Kingdom) or of companies incorporated outside of Europe (excluding the United Kingdom) which have a predominant proportion of their assets and/or business operations in Europe (excluding the United Kingdom).
The Old Mutual North American Equity Fund is managed by Ian Heslop, Amadeo Alentorn and Mike Servent, who have delivered strong investment returns for clients. Launched on 17 April 2002, the objective of this fund is to seek to achieve long term capital growth through the active management of a diversified portfolio invested primarily in North American stock markets. It is not proposed to concentrate investments in any one industry or sector.
Charlotte Bilney, Citigate Dewe Rogerson, +852 3103 0103
Paco Lee, Old Mutual Global Investors, +852 3552 5910
Vee Montebello, + 44 20 7 332 7687
Amelie Shepherd, + 44 20 7 332 8345
Notes to Editors:
Old Mutual Global Investors:
Old Mutual Global Investors has grown strongly since its creation in August 2012 and now has assets under management of US$35 billion². The team consists of 230 industry professionals, including a team of 59 investment professionals. As part of Old Mutual Group it has a strong financial parent to support the activation of its business strategy. Old Mutual Global Investors is the asset management division of Old Mutual Wealth. To find out more information please go to: www.omglobalinvestors.com
Old Mutual Wealth:
Old Mutual Wealth is the leading wealth management business in the United Kingdom and internationally, helping people secure their financial future.
It has an adviser and customer offering spanning:
- Financial advice via the intrinsic network
- Platform based wealth management products and services via Old Mutual
- Wealth in the United Kingdom and Old Mutual International globally
- Asset management solutions via Old Mutual Global Investors
- Discretionary investment management via Quilter Cheviot
Old Mutual Wealth oversees US$159 billion² in customer investments.
Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking services to more than 17 million customers in Africa, the Americas, Asia and Europe. Originating in South Africa in 1845, Old Mutual has been listed on the London and Johannesburg Stock Exchanges, among others, since 1999.
In the year ended 31 December 2014, the Group reported adjusted operating profit before tax of US$2.5 billion (on an IFRS basis) and had US$501 billion of funds under management from core operations.
This press release is for journalists only and should not be relied upon by financial advisers or customers.
¹ as at 31 August 2015. Source: Factset. ©2013 Morningstar. See factsheets for each fund.
² as at 30 June 2015.