River and Mercantile brings World Recovery fund to market

The River and Mercantile World Recovery Fund has been made available to the retail market, following its soft-launch in March this year.

The fund, which is managed by Hugh Sergeant, follows a similar strategy to another fund mandate he runs, the River and Mercantile UK Long Term Recovery Fund. A spokesman for River and Mercantile said the fund was a "natural progression" for the strategy, adding the stock-picking strategy used to select recovery stocks in developed markets could easily be widened out to cover the global market. Having launched in March, the R&M World Recovery fund currently has its highest weighting in Europe, at 31%, with 27% in US stocks, 17% in the UK and 16% in Japan. Seeded with money from fir...