Fund launch roundup

LaunchA number of new funds have been launched by some of the industry’s most renowned players.

Baillie Gifford has expanded its multi-asset offering with the launch of the Multi Asset Growth fund, managed by the same team behind its £5.9 billion (€7.6 billion) Diversified Growth strategy, which closed to new investors in February 2013.

The new fund has already been seeded with £55 million by institutional backers, since its ‘soft launch’ in December 2015. It is now being rolled out to the wider market, and marketed to advisers and wealth managers.

Nikko Asset Management has launched a Luxembourg-domiciled Ucits Japanese equities fund, mirroring an existing Japan-domiciled strategy.

The Nikko AM Japan Focus Equity fund aims to achieve long-term capital growth by investing in a portfolio of 30 to 50 Japanese companies.

It follows the firm’s launch of an Asia ex-Japan Ucits fund in September last year, and forms part of the company’s wider plan to expand its range of funds available to European investors, with further launches planned in 2016.

The Nikko AM Japan Focus Equity fund has a minimum investment of $100,000 (€89,183) and carries a management fee of 0.75%.

On July 1 this year, Legg Mason will launch an open-ended, global listed infrastructure income fund via its subsidiary RARE Infrastructure, which will sit in its UK onshore fund range (ICVC).

This is the first onshore vehicle to be launched by RARE following Legg Mason’s acquisition of the Sydney-based infrastructure specialist in October last year.

The fund will be managed by RARE's team of infrastructure specialists, including co-chief executives Nick Langley and Richard Elmslie, and will be available on UK platforms. 

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