Smith & Williamson receives FSA approval for fund changes
7th November 2007Smith & Williamson has received the go ahead from the FSA for a number of changes to its OEIC and Unit Trust range. The change of name to allow the dropping of the Nucleus name and move the retail funds to Smith & Williamson took place from 1st November but changes to offer extra share classes, different charging structures and single pricing on the unit trusts require unitholder notification and will take place in the New Year. Funds administered on behalf of clients or external managers will begin with 'S&W' and be listed under the company Smith & Williamson Funds Administration Limited. Below is a table of name changes relevant to the retail funds
|
Old Name |
New Name |
Fund Manager |
IMA Sector |
|
Nucleus |
Smith & Williamson |
Tana Focke |
North America |
|
Nucleus |
Smith & Williamson |
Beverley Purkiss |
Money Market |
|
Nucleus |
Smith & Williamson |
Mark Boucher |
UK All Companies |
|
Nucleus |
Smith & Williamson |
Jane Andrews |
Asia Pacific inc Japan |
|
Nucleus |
Smith & Williamson |
New Star |
Europe ex UK |
|
Nucleus |
Smith & Williamson |
Mark Boucher |
UK All Companies |
|
Nucleus |
Smith & Williamson |
Simon Warren |
UK Equity Income |
|
Nucleus |
Smith & Williamson |
Chris Lynas |
UK Corporate Bonds |
|
Nucleus |
Smith & Williamson |
James Burns |
Global Growth |
|
Nucleus |
Smith & Williamson |
Charles Oliver |
Specialist |
|
Endurance Balanced |
Smith & Williamson |
James Burns |
Balanced Managed |
For further information, contact:
Angus Duncan, Head of Distribution
Direct Tel: 020 7131 8795
Email: angus.duncan@smith.williamson.co.uk
PR enquiries
Layisha Laypang, tel: 020 7131 4550
Kate Harrison, tel: 020 131 4228
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independent professional and financial services group employing over 1,300 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-size corporates. The group operates from offices in London, Belfast, Bristol, Glasgow, Guildford, Salisbury, Southampton and Worcester.
Smith & Williamson Investment Management is part of the Smith & Williamson group. Turnover for the group for the year to April 2007 exceeded £150million.
Smith & Williamson Investment Management advises private clients, has a range of managed funds and provides private banking services.
It includes 115 investment directors, an in-house strategist and economist, as well as a currency, derivatives and bond trading desk. It runs eleven UK domiciled funds, three Dublin-based funds and one which is based in the Cayman Islands.
Smith & Williamson Limited
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms.
Smith & Williamson Investment Management
A trading name of
NCL Investments Limited
Member of the London Stock Exchange
Authorised and regulated by the Financial Services Authority
and of
Smith & Williamson Investment Management Limited
Authorised and regulated by the Financial Services Authority
