Quantock Growth fund renamed as UK Primary Opps

Marlborough Fund Managers has renamed its Quantock UK Growth fund.

The £18m vehicle has been rebranded the UK Primary Opportunities fund, discarding a previously planned rename to UK Wholesale Opportunities.

It is subject to FSA approval.

Manager Bob Brown says the group wanted a name that more adequately reflects the fund’s investment objectives.

He makes the vast majority of purchases in the primary markets through new issues and placings.
“We were trying to find a name that did exactly what it said on the tin.

“The term wholesale is not one necessarily used in investment,” he says.

Minimum investment remains £1,000 with the charges unchanged at 5.2% initial and 1.5% AMC.

The fund has returned 54.8% over the one year to 1 February, compared to the IMA

UK All Companies sector average of 32.2%, according to Morningstar.