VAM Funds (VAM) has launched the VAM Close Brothers Cautious Fund, a Luxembourg-domiciled UCITS fund which is the second product in the VAM Discretionary Funds range, following the launch of the VAM Close Brothers Balanced Fund in July.
The VAM Discretionary Funds range will be completed by the VAM Close Brothers Growth Fund, which is due to be launched before the end of the year.
Nigel Watson (pictured), VAM Funds sales director, says: “The response from advisers to the Balanced Fund launch has been extremely positive, with the high levels of fund flows over the traditionally quiet summer period taking us pleasantly by surprise. The strong inflows have continued into the autumn and average subscription levels are considerably higher than usual, suggesting the Balanced Fund is being used, as intended, as a core part of investors’ portfolios.
“Not only do the VAM Discretionary Funds provide tailored, risk appropriate investment portfolios for investors, they are also attractive to advisers, allowing them to focus on financial planning while the investment management is left to the experts, in this case Close Brothers Asset Management’s award-winning investment team.
“By using discretionary funds such as ours advisers can de-risk client investment portfolios and their own businesses. The market volatility experienced over the summer has in some ways helped to make this argument for us as investors and their advisers have been able to see the attractions of lower risk, professionally managed portfolios.”
