The Strategic Growth fund will broadly mirror Brooks Macdonald’s MPS medium to high risk (growth) segregated portfolio, and aims to appreciate capital over the longer term by investing primarily, though not exclusively, in collective investment schemes investing in UK and international equities. It will hold between 75% and 95% of funds in this asset class.
The vehicle will sit in the IMA Flexible Investments sector and be managed by Jonathan Webster-Smith and Mark Shields, who currently run both Brooks Macdonald’s MPS and risk-rated fund of fund ranges.
The launch is the fourth in the suite, and coinciding with the new offering, Brooks hasreduced the annual management charge (AMC) on the three other funds in the unitised range, with sterling Class A Shares now carrying an AMC of 0.50% (previously 0.75%) and sterling Class B Shares reduced to 1.25% (previously 1.50%).
