IM to launch International Portfolio

Group set to bring Income and Growth offshore vehicles back onshore as part of a move into the UK retail space

IM Asset Management is to launch a new International Portfolio and bring both its Income and Growth portfolios onshore as part of a move into the UK retail space. The company, originally set up to manage funds of personal accident clients of IM Solicitors, launched the two offshore portfolios in 2005 and has grown assets under management for the two funds to £60m. In addition, IM launched the onshore Portfolio fund into the IMA Active sector during 2007, which currently has assets under management of £16m – the fund has seen negative returns of 30.9% year to date, according to Morningst...