Old Mutual Global Investors to launch gold and silver fund


Old Mutual Gold & Silver Fund to be managed by Ned Naylor-Leyland

Old Mutual Global Investors (“OMGI”) part of Old Mutual Wealth, has today announced that it intends to launch the Old Mutual Gold & Silver Fund (the “Fund”) in March 2016, subject to regulatory approval.

The Fund, which will be a sub-fund of the Dublin domiciled Old Mutual Global Investors Series Plc, will be managed by Ned Naylor-Leyland, who joined OMGI from Quilter Cheviot in September 2015. Ned will be supported by Analyst Joe Lunn and Investment Administrator, Amelia Bowyer, who previously worked with Ned at Quilter Cheviot.

The Fund will aim to deliver a total return by combining indirect exposure to gold and silver bullion, with selected precious metals mining equities, in order to target maximum diversification and potential for upside for investors. The management team will use a bottom-up stock selection process in order to identify companies that, they believe, will produce a good long-term return to shareholders.

Using a dynamic investment process the team will adjust the weighting of gold- and silver- related equity and equity-related securities, at various points throughout the market cycle, to create the optimal balance in the portfolio.

OMGI believes that the Fund will be suitable for clients looking to diversify their portfolio and benefit from the prospect of attractive long term growth in the gold and silver market.

Ned Naylor- Leyland comments:

“I’m delighted to be at Old Mutual Global Investors working on the launch of a new gold and silver fund. In times of market turmoil, monetary metals have consistently been turned to as a safe haven for investors. Gold and silver prices have fallen to levels from which they have rebounded strongly in previous bear market cycles and look set to rise again in popularity as an asset class over the course of 2016.”

Warren Tonkinson, Managing Director, Old Mutual Global Investors, comments:

“As investors increasingly look for alternatives to diversify their portfolios, now is the perfect time to launch the Old Mutual Gold & Silver Fund. Ned brings with him a wealth of experience and his appointment is another great example of how we are working with our colleagues at Quilter Cheviot to identify opportunities to utilise existing skills within the business to enhance our proposition and add value for investors.”

Ned Naylor Leyland joined OMGI from Quilter Cheviot in September 2015. Ned started at Quilter Cheviot in July 2008 and continues to run their Malta-domiciled precious metals fund. Ned joined Quilter Cheviot from Smith and Williamson. He started his investment career at Neilson Management in 2001 and has over 15 years’ experience working in the precious metals sector.

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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 £22.2 billion¹.  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 UK 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 UK and Old Mutual International globally

•             Asset management solutions via Old Mutual Global Investors

•             Discretionary investment management via Quilter Cheviot

Old Mutual Wealth oversees £98.7 billion¹ 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 £1.6 billion (on an IFRS basis) and had £319 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 30 September 2015