Launch of new Global Equity Income Fund

Photo left: Pramit Ghose (Bloxham)

Irish wealth manager Bloxham forms alliance with WAY Fund Managers to launch its new global equity income fund aimed at targeting the UK IFA community.

The Elite Bloxham Global Equity Income Fund, managed by specialist fund manager Pramit Ghose, will be distributed in the UK through Elite, the third party arm of privately-owned financial services group WAY Fund Managers Limited.

The fund, based on the Dublin-domiciled Bloxham Global High Yield Fund, which was launched in 2002, is expected to deliver a 4.4% initial income but the longer-term aim is to increase this to 8-10% a year, alongside steady capital growth. The fund, which has its highest sector weighting in banks, uses a quant process to screen stocks and help with timing over when it is best to buy and sell.

David Pook, Chief Executive of WAY Fund Managers Limited, believes the fund will bridge the way for UK advisers to tap into global equity income. He said: "Under the guidance of lead fund manager Pramit Ghose, this is a fund which we believe will fill a badly needed gap in the global equity income sector, utilising a cautious management style, for those looking to diversify their global investment portfolio. We are delighted to be working in partnership with Bloxham and also our investment partner BDO Stoy Hayward Investment Management Limited, which has sub-delegated the investment management of the fund to Bloxham Wealth Management in order to capitalise on the expertise of the Dublin firm."

Minimum investment in the Elite Bloxham Global Equity Income fund is £5,000.

- Ends -

Website link: Bloxham

 Website link: BDO Stoy Hayward Investment Management Limited

 Website link: WAY Fund Managers Limited

Press Release Date: 7th May 2008.

Note: This commentary has been prepared for Financial Intermediary Clients and Professional Associates of WAY Investment Services Ltd and is not intended for and must not be distributed to Private Investors. This information is supplied to you in confidence and you may not pass it on to any other party without prior written consent. Past performance is not necessarily a guide to future returns and changes in rates of exchange between currencies may cause the value of investments to rise or fall. No representation or warranty is given (express or implied) as to the accuracy, completeness or correctness of the information nor the opinions, interpretations and conclusions contained in this commentary. The commentary does not constitute investment advice or a recommendation to purchase or sell any security. Neither the author nor WAY Investment Services Ltd accept any liability whatsoever for any loss or damage arising in any way from any use of or reliance placed on the commentary. WAY Investment Services Ltd is an Appointed Representative of WAY Fund Managers Ltd which is authorised and regulated by the Financial Services Authority.

Press Release Date:7th May 2008