Rice's Cazenove European reaches £1bn AUM

Cazenove's European fund has broken through £1bn on the back of record inflows of £440m year to date.

The fund’s assets more than doubled between 2008 and the end of Q2 this year, despite the IMA Europe ex UK sector seeing the poorest sales over this period. Managed by Chris Rice, Cazenove European is top quartile over three years but has struggled over the past year, falling 2.2% against the 3.1% rise in the IMA Europe ex UK sector. However, Rice remains optimistic on the outlook for the European market. “With economic indicators currently sending out mixed signals, for example the US economy showing a degree of weakness while the German market shows some strength, we believe this...