Europe (ex UK) Smaller Companies Fund Launched


London

Old Mutual Global Investors Expands Product Range 

Europe (ex UK) Smaller Companies Fund Launched

Old Mutual Global Investors today announces the launch of the Old Mutual Europe (ex. UK) Smaller Companies Fund (‘the Fund’), a sub fund of the Old Mutual Global Investors Series Plc, a Dublin domiciled umbrella fund.

The Fund, which is managed by Ian Ormiston who joined Old Mutual Global Investors in October 2014, aims to achieve long-term capital growth through investing in smaller companies in Europe (ex UK). The portfolio will hold between 40 and 55 stocks, each with an equal weighting in the portfolio.

The Fund will focus on finding companies with less than €1 billion market cap, with the team researching the most inefficient part of the market in order to find cheap growth opportunities.

By investing in businesses achieving high and consistent profitability whilst avoiding illiquid stocks and turn-around companies, the Fund aims to reduce inherent risks that are sometimes associated with the small cap market.

The European small cap sector offers a breath of opportunities for investors, benefiting from economic clustering and diversity that offers attractive investments in most market conditions. The chart below demonstrates how the European small cap sector has performed compared to European all cap indices.

Cumulative return chart

Data: Factset net return MSCI Europe ex UK Small Cap vs MSCI Europe ex UK 02/01/2001 – 31/10/2014

Ian Ormiston comments:        

“The European small cap market is a diverse universe offering great opportunities for investors. As an under-researched sector, it is naturally inefficient and so by focusing on high quality, true small cap companies, with a good level of liquidity we aim to create a portfolio that can add real value to investors.”

Richard Buxton, Head of UK Equities at Old Mutual Global Investors, comments:

“The launch of this European Smaller Companies Fund further extends our already outstanding equities capabilities.  As Ian has an excellent investment track record from investing in UK and European markets for over 20 years, including 16 years specialising in investing the European smaller companies, we believe that there strong demand for this product from our global client base. ”

Ian has a proven track record of managing European smaller caps, having worked in the sector for over 20 years.  Ian joined Old Mutual Global Investors, from Ignis Asset Management, where he spent seven years running the Ignis European Smaller Companies Fund.

He is part of Old Mutual Global Investors UK and European equities team, working alongside our award winning UK mid and small cap team led by Dan Nickols.This 16 strong team manages over £4.8 billion* of assets under management for global clients.

The Fund is currently registered in the UK and Ireland only.

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Media Contacts: 

Amelie Shepherd, PR Executive                                                           020 7332 8345

Vee Montebello, Head of PR and Internal Communications              020 7332 7687

Notes for 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 £17.4 billion*.   The team consists of 203 industry professionals, including a team of 52 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 a leading retail investment business in the UK and internationally. It aims to help people who want to make a positive change for themselves, those close to them or the society they live in by helping them secure their financial future.

It has an adviser and customer offering spanning: 

  • Financial advice via the Intrinsic network and independent financial advisers
  • Platform based wealth management products and services via Old Mutual Wealth in the UK and Skandia International globally
  • Asset management solutions via Old Mutual Global Investors 

Old Mutual Wealth currently oversees £82.2* billion in customer investments. 

Old Mutual Wealth is part of Old Mutual plc, a FTSE 100 group that provides life assurance, asset management, banking and general insurance. Old Mutual is trusted by more than 16 million customers across the world and has a total of £308 billion* assets under management.

*as at 30 September 2014

Important information: Past performance is no guarantee of future results. The value of an investment and the income from it can fall as well as rise and investors may not get back the amount originally invested.

This communication is issued by Old Mutual Global Investors (UK) Limited (trading name Old Mutual Global Investors), which is a member of the Old Mutual Group. Old Mutual Global Investors is registered in England and Wales under number 02949554 and its registered office is 2 Lambeth Hill London EC4P 4WR. Old Mutual Global Investors is authorised and regulated by the UK Financial Conduct Authority (“FCA”) with FCA register number 171847 and  is owned by Old Mutual Plc, a public limited company limited by shares, incorporated in England and Wales under registered number 3591559. OMGI 11/14/0140