Alliance Trust subsidiary launches two equity funds

Alliance Trust's new asset management business is launching two core funds in UK equity income and N...

Alliance Trust's new asset management business is launching two core funds in UK equity income and North American equities. The portfolios from Alliance Trust Asset Management launch on 19 January and the initial offer period lasts until 6 February. Neil Tong, head of UK equities at Alliance Trust, will run the Alliance Trust UK Equity Income fund and its benchmark will be the FTSE All Share Index. Meanwhile, Matthew Strachan, head of North American equities, will manage the Alliance Trust North American Equity fund. His benchmark will be the FTSE North American All Cap Index. Both m...