R&M launches global fund duo for Stanic

River and Mercantile is launching new Global Equity and Global Opportunities funds for former Newton manager Alex Stanic in October.

Benchmarked against the FTSE All World, Global Equity aims to beat the index by 2% per annum, while Global Opportunities has a 3-4% target. R&M Global Equity will be a portfolio of 80-110 stocks, with individual weightings capped at index plus 5% and sector exposure set at a maximum of index plus 12.5%. It can move its US weightings to 20% either side of the All World and 15% for any other market. R&M has run a model portfolio since 8 July, with the fund positioned 31.5% in the US, and 11.8% in the UK - with 7%-8% each in Brazil and Hong Kong. Financials is the largest sector at 20...