Royal London Asset Management announces its intention to close the Irish-domiciled Royal London Global Equity Select Fund (Irl) to new investors, effective as of 5 February 2024. Existing investors in the share class will remain able to increase their investment.
The decision follows a sustained period of strong investment performance from the Royal London Global Equity Select strategy with significant inflows from investors across the globe. This has led Royal London to exercise controls to manage the capacity of the strategy in order to maintain the integrity of its investment process.
In September 2023, the company announced it was limiting the issuance of shares in its UK-domiciled Royal London Global Equity Select Fund to ensure the continued delivery of performance to clients and enable the strategy’s portfolio managers to maintain their ability to access all parts of the global equity market. As a result, both existing and new investors could no longer purchase shares in that UK-domiciled Fund.
Employing the Royal London Asset Management Global Equity team’s longstanding and proven investment process, the Global Equity Select strategy invests in companies across the Corporate Life Cycle, which delivers a balanced, concentrated portfolio with low style risk.
This approach has proved highly successful, with the strategy consistently recording market-leading risk-adjusted performance and regularly being ranked in the top decile of performance within its peer group.
The Global Equity Select strategy forms part of a range of global equity investment solutions offered by Royal London Asset Management to meet the requirements of a broad spectrum of clients including retail investors, wealth managers and institutions.
These strategies – Global Equity Diversified, Global Equity Income (both of which maintain five-star ratings from Morningstar), Global Equity Transitions, and Global Equity Enhanced – remain open to existing and new investors.
Rob Williams, Chief Distribution Officer at Royal London Asset Management, commented:
“Following a period of extremely strong interest in the Global Equity Select strategy, we have taken the decision to exercise controls over its capacity, with the best interests of our clients in mind. It ensures our investment team can retain its full opportunity set of potential investments across the world. We continue to see strong appetite for our range of global equity strategies and believe our suite of solutions is well placed to deliver highly attractive outcomes for investors over the long-term.”
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The views expressed are those of the author at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.