The fund has attracted inflows of £180m over the last 18 months, mainly from UK based investors, and Kennox said it now wanted to satisfy “growing interest in the fund from European investors”.
Managing director Peter Boyle said: “UK and European investors are becoming aware of our track record of low volatility, value-driven long term returns and the Ucits status makes investing in the fund a smoother process.
“Interest in the fund continues to come from a variety of sources including high end wealth managers, family offices, private banks, charities and high net worth investors.”
The decision to transition the fund to Ucits status was “unanimously approved” by voters at the fund’s EGM last week, with it completing its move to Ucits on 1 October.
Managed by Charles Heenan and Geoff Legg, the Kennox Strategic Value Fund employs a value approach to investing, with a strong capital preservation overlay, low volatility and low portfolio turnover.
“We believe that the adoption of Ucits, with its more rigorous compliance regime, will be beneficial to the fund and all investors – the change will have no impact on the manner in which the portfolio is managed (the portfolio has always met all Ucits requirements) or running costs, yet should give a further layer of client comfort and open the Fund to the growing number of investors who require Ucits accreditation,” added Boyle.
