Raynar Portfolio Management is set to launch a UK small cap fund, managed by portfolio manager Philip Rodrigs (pictured).
Rodrigs founded the firm in 2019.
The WS Raynar UK Smaller Companies will be available to investors from 1 July and comes with a 0.68% ongoing charges figure and an introductory share class fee of 50 basis points.
It will sit alongside Raynar’s existing Enhanced and Flagship strategies.
“With the UK economy strengthening faster than expected following its ‘soft landing’ last year, now is the ideal time to launch a UK UCITS fund targeting highly attractive UK firms,” Rodrigs said.
“Multiple catalysts are aligning – inflation has fallen significantly, there will soon be a refreshed political mandate and the large number of companies buying back stock or being targeted for take-over suggests valuations are uncommonly attractive.
“Most importantly, I am anticipating the Bank of England will cut interest rates this summer, which historically has been strongly associated with subsequent strong gains for UK smaller companies, well ahead of larger peers.
“Having observed that conditions in autumn 2023 were eerily similar to those that marked the sector’s nadir in late 2008, I am increasingly optimistic for the outlook for UK smaller companies.”
