Royal London Asset Management (RLAM) is launching a pair of global equity funds.
Both funds are aimed at wholesale and institutional investors and will be managed by head of global equities Peter Rutter, along with Will Kenney and James Clarke.
The Royal London Global Equity Select Fund will invest in a concentrated portfolio of 25-40 global stocks from both developed and emerging markets.
The fund will not be constrained by the constituents or weightings of the benchmark index, which will allow the team to invest in a small number of stocks which they consider to be attractive, regardless of their geography, sector, industry or market capitalization, the company said.
The Select Fund will aim to outperform the MSCI World Net Total Return index by 2.5% per annum over rolling three-year periods.
The Royal London Global Equity Diversified Fund will invest in a much more diversified global equity portfolio, with country and sector exposures broadly in line with its benchmark, the MSCI World Net Total Return index.
The Diversified Fund will aim to outperform this benchmark by 0.5% per annum over rolling three-year periods.
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