VAM Close Brothers Cautious Fund and VAM Close Brothers Growth Fund will follow the July launch of its VAM Close Brothers Balanced Fund.
Nigel Watson, sales director of VAM Funds, said the balanced fund launch had been its most successful to date in terms of assets raised in the first month, and that the “average investment was also much larger than usual, approximately $200,000”.
He added that there was an appetite for an open architecture multi-asset, risk-rated DFM solution and “advisers are using it as a complete portfolio managed solution or at least as a core holding”.
Flows so far had come evenly from all regions in which VAM operate, he said.
“Average investment was much larger than usual"
VAM signed a deal with CBAM in July to give its non-UK-based advisers the chance to tap into the latter’s discretionary fund management services.
CBAM’s services are only available in the global market through VAM Discretionary Funds.
