Close's UK Gilt hits £10m under management

Close Finsbury's UK Gilt fund has reached £10m of funds under management. The vehicle is outsourced ...

Close Finsbury's UK Gilt fund has reached £10m of funds under management. The vehicle is outsourced to manager Ian Williams of Charteris Treasury Portfolio Managers, who uses call options and a special model to find the most efficient mix of gilts to enhance returns. It has returned 2.61% from launch on 24 October to 25 June compared with a drop of 1.66% in the FTSE Actuaries Government Securities UK Gilts All Stocks index over that period.