David Saunderson, CEO of Cantab Asset Management, was delighted to be interviewed by Citywire for the launch of the Cantab funds of funds.
Joshua Thurston from Citywire writes:
Cantab Asset Management, headed by ex-Saunderson House chief executive David Saunderson, has launched two funds of funds to attract more of the adviser market.
The VT Cantab Balanced and VT Cantab Moderate funds are structured as open-ended investment companies (OEIC) and will mirror the allocations in the firm’s model portfolios. The company, which launched in 2006, has been running the model portfolios for 10 years.
The funds, which were soft-launched in September, are managed by Saunderson, managing director Jeremy Davis and director Leah Bramwell. With an annual investment management fee of 0.5% each, the total charges for the balanced and moderate funds come to 1.51% and 1.4%, respectively.
‘We felt that the OEIC structure has certain advantages, particularly for general investment accounts. Switches within the OEIC are not subject to capital gains tax and that does assist in the management of the portfolios,’ Saunderson said.
The Moderate fund has a 60/40 weighting across equities and fixed interest, property and alternatives. The balanced fund has a long-term allocation of 75% equities and 25% in other assets.
The firm, which has £630 million in assets, opened up its discretionary service to advisers in 2017.
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The full article can be found here: https://citywire.co.uk/wealth-manager/news/cantab-launches-two-funds-of-funds/a1173031?ref=wealth_manager_all_stories_list
