Buckles Launches Snowdonia Range Of Funds

19th October 2004

Buckles Investment Services, the Rhyl based IFA is launching a range of funds this week, in conjunction with Premier Portfolio Managers Limited.

The Snowdonia Fund, an open ended investment company (OEIC) consists of a trio of sub-funds, each of which is managed by carefully selected investment managers. The sub funds are:

  • Snowdonia Income Fund, managed by David Hambidge & Raj Hallen of Premier Fund Managers Limited
  • Snowdonia Balanced Fund, managed by David Oakes of Mercater Capital Management Limited
  • Snowdonia Growth Fund, managed by Quintin Ings-Chambers and Nicholas Dawson Paul of Rensburg Investment Management Limited

The Income Fund has a target yield of 4 per cent, together with long term capital growth. Up to 60 per cent of the fund will be invested in UK equities, the rest in UK bonds. The Balanced Fund aims to provide long term capital growth and up to 85 per cent of the fund will be exposed to equities, primarily UK, whilst the Growth Fund has a similar objective from a portfolio of global investments.

Commenting on the launch, Nigel Speirs, Chief Executive of Buckles Investment Services, said:

“We are constantly striving to offer our clients better products. We believe that the Snowdonia Funds will offer clients an even better service than before, particularly because we are leading the way in outsourcing the investment management expertise. We are very excited about this launch and look forward to discussing it with them.”

The minimum investment is £3,000 lump sum, £50pm and charges are an initial 5.27 per cent and a 1.5 per cent annual.