Aiming to achieve a return 2% above the FTSE All-Share over a rolling three year period, the new TM Sanditon UK Fund will follow the same Business Cycle approach Dean developed during her time first at Cazenove and then as head of the business cycle team at Schroders.
According to Dean, the approach, which is based on the belief that stock selection should be determined by “understanding the effect the business cycle has on a companies’ earnings growth and their stock market valuations” remains as powerful as it ever has been.
Dean said: “I am confident that this process will continue to generate very competitive returns and that my new fund will be a compelling new entrant in the IMA UK All Companies sector. I look forward to commencing the joust!”
The announcement comes seven months after it was announced that Dean would join the firm from Schroders. Arriving in March, she was reunited her with former Cazenove Colleagues Tim Russell and Chris Rice.
Sandition Chief Executive, Rupert Tyer said the launch of the UK-domiciled UCITS fund for Dean demonstrates the firm’s commitment to become a leading provider of daily dealing UCITS fund.
“Sanditon began trading less than twelve months ago since when we have been entrusted to manage approaching £500m of client assets and we look forward to building on this solid foundation,” he added.
When launched, the fund will be Sanditon’s fifth product, following the Sanditon Investment Trust plc, the TM Sanditon European Select Fund, the TM Sanditon European Fund and the TM Sanditon UK Select Fund.
The minimum investment for class A shares is £20,000, which will have an annual management fee of 0.75% and an ongoing charges figure of 0.86%.
The F share class will have a minimum investment of £5m, an AMC of 0.65% and an OCF of 0.76%, the firm said.
