Apostle Asset Management this week confirmed the launch of its new product into the market - the Apostle Dundas Global Equity Fund.
It said the new offering was targeted at both institutional and retail investors and brought together the investment expertise of Apostle’s newest affiliate manager, Edinburgh-based Dundas Global Investors.
Dundas manages a single investment strategy in global equities, using a bottom-up fundamental approach.
It relies on its own research to seek out companies with sustainable dividend growth, with no distinction made between emerging and established markets.
Commenting on the launch, Apostle managing director, Karyn West said the company had already received expressions of interest from clients.
"The Apostle Dundas Global Equity Fund seeks to target dividend growth in excess of the MSCI All Country World index and to also exceed inflation, to provide the income and capital protection that both accumulation phase and drawdown phase investors require,” she said.
The Apostle Dundas Global Equity Fund charges an investment management fee of 0.35 per cent per annum for the institutional share class.
Equity Trustees Limited has been appointed responsible entity and trustee of the fund.