ardevora launches debut onshore fund

Ardevora is to launch a mirror of its UK Income Fund as an onshore proposition with Margetts as its ACD.

ardevora launches debut onshore fund


The MGTS Ardevora UK Income Fund will launch on 2 April under the management of Jeremy Lang and William Pattisson. It will be run as a mirror of the £15m Dublin-domiciled Ardevora UK Income Fund, launched on 14 January last year, that the pair currently runs.

They will both be run with a concentrated portfolio of around 40 stocks, with a distinct mid-cap bias, and target a yield of 3.9%.

The top ten holdings of the Ardevora UK Income Fund include Marks & Spencer and Shell as well as the likes of Brewin Dolphin.

The new propositions will be run as a sub-fund of the MGTS Ardevora ICVC for which Margetts will be the ACD (Authorised Corporate Director).

Rob Page, a partner at Ardevora, said: “We are delighted to be working with Margetts. They are a tremendous firm with an excellent knowledge of UK mutual funds and a deep understanding of the wider intermediary market.  This provides broader access to the retail market with the Fund being available through a wide range of fund supermarkets.”


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