LVAM to rename Kim multi-manager offering

LV= Asset Management is proposing to rename the LV= Stockmarket fund as it realigns its holdings.

|

LVAM plans to change the name of the fund to LV= Worldwide Select; shareholders have been given three months’ notice of the proposed change.

Kim and his team have implemented a number of changes on the fund of funds since their arrival in March: new holdings include Fidelity South East Asia and Findlay Park American, which were the two largest positions at 30 April at 9.7% and 9.4% respectively.

The team have also sold Baring Emerging Markets, LV= European ex UK Growth and Aegon UK Equity, and have added to Japan in the form of the GLG Japan CoreAlpha offering.

“The new name is intended to better reflect the fund’s investment focus and its spread of investments across world markets. There is no change to the fund’s investment objective and policy but we have made a few recent additions to the fund as we believe that this will further enhance performance,” said Kim. 

“We have increased asset allocation to Japan slightly because we feel the market has been oversold and reduced our exposure to the UK to allow more overseas exposure.”
 

MORE ARTICLES ON

Latest Stories