The fund, managed by Algernon Percy, head of JOHIM’s private client business, targets long term capital growth via investment in 35-50 global companies and funds; JOHIM says it has returned 26.5% since inception four years ago.
The minimum investment for the fund’s A class shares is being lowered from £1m to £50,000. The A shares have an AMC of 1%; the total expense ratio is 1.43%.
“The Portfolio Fund was designed to give investors access to JOHIM’s house strategy, which had previously been the reserve of our private clients within segregated mandates,” said JOHIM head of private client distribution Mark Barrington.
As of 31 May, the fund held 41% of its portfolio in UK equities and 38% in international equities. Largest holdings include the Findlay Park American Fund and the ETF Securities Gold ETC.
