Royal London Global Equity Select has been moved to our Established list.  Previously, the fund featured on our Recommended list.

We have taken this action due to Royal London Asset Management’s (RLAM) plans to manage the capacity of the Global Equity Select strategy.  RLAM has concluded that the strategy, in which a range of different funds and accounts are invested, has grown to a size that brings it close to the firm’s assessment of full capacity.  As a result, RLAM has announced that from 20 March 2023, when the fund’s net asset value reaches £900 million, the ACD will limit the issuance of new shares in the fund.  This means the purchase of further shares in the fund will then not be possible until further notice.  RLAM has stated that where the ACD has limited the issuance of shares, shareholders will be notified on the firm’s website (rlam.com/uk) and in writing.   The ACD and RLAM’s capacity management committee will keep the limited issue position under review.

In light of this development, and in discussion with RLAM, we have moved the fund to our Established list.

Royal London Global Equity Select is managed by Peter Rutter, Will Kenney and James Clarke, a team of experienced individuals who have been investing together for over 20 years.  The fund is relatively concentrated, featuring 25-40 stocks, and the team focuses upon the analysis of business fundamentals and corporate lifecycles.  To read more about the fund, please click here.

Our Established list features funds that have reached, or are close to reaching, full capacity in terms of their assets under management.  To see definitions of our three fund lists, Recommended, Established and Positive Watch, please click here.