Sarasin Chiswell Launches Global Equity Fund

Stephen Harris

17 May 2006

Sarasin Chiswell, which is owned by Swiss private bank, Bank Sarasin, is launching a global equity income fund. The Sarasin International Equity Income fund will invest in 50 equally-weighted holdings. It will employ a combination of Sarasin Chiswell’s global thematic process and the stockpicking skills of the managers, Graham Ashby and Kevin Bennett. Although the focus is in equities the fund will have the ability to invest up to 15 per cent in other asset classes such as corporate bonds, convertibles and preference shares. A maximum limit of 10 per cent will be placed on investments in either the UK or emerging markets, both of which are outside the benchmark. The minimum investment is £1000 and there is an initial charge of 5 per cent with an annual management fee of 1.5 per cent.