The company said it will open Guernsey-domiciled feeder funds for the Marlborough Special Situations Fund and Marlborough High Yield Fixed Interest Fund on 17 June, both of which are Ucits compliant UK funds.
Marlborough Special Situations invests primarily in UK smaller companies and is managed by a team led by Hargreave who has made it one of the most successful funds in the UK.
According to data sourced by Marlborough from Morningstar, the £600m fund is the top performer of all UK-authorised unit trusts and Oeics investing in UK equities over the period since Hargreave starting running the fund in 1998 – returning 1,434% to 3 June this year compared with 84% by the FTSE 100 and 97% by the FTSE SmallCap (ex investment trusts).
According to FE, the fund has returned 178% over the past five years to 12 June, compared with a 148% return from the IMA UK Smaller Companies sector (see chart below).
Meanwhile, the Marlborough High Yield Fixed Interest Fund is co-managed by fixed-income specialists Paul Reed and Mark Sanders and has a historic distribution yield of just over 9% (see performance chart below).
John Heap, managing director of Marlborough International Management, said: “Marlborough Special Situations has an exceptional long-term track record in achieving capital growth and Marlborough High Yield Fixed Interest pays one of the highest yields in its sector. Both funds have a loyal following among UK investors and the Guernsey feeder funds now provide offshore investors with the opportunity to join them.”
The feeder funds will carry an initial charge of 5.5%, with adviser commission available, and the annual management charge will be 1.1%, including trail commission.
