Old Mutual eyes Asia and GEM relaunches

Old Mutual Global Investors (OMGI) is planning to relaunch a number of funds in its range, with global equities, Asia and emerging markets touted as major growth areas.

The firm is focusing on diversifying its offering away from its traditional strongholds of UK equities, strategic bonds and multi-asset, despite the appointment of Schroders’ Richard Buxton in June. Buxton’s fund passed £500m in AUM just six weeks after he joined the group, bolstering a UK equity fund range that also includes Richard Watts’ £1.1bn UK Mid-Cap fund and Dan Nickols’ £614m UK Smaller Companies fund. But speaking to Investment Week, OMGI CEO Julian Ide (pictured) was keen to play down what he called the “Buxton bounce”, pointing to equity markets outside the UK as top prio...