Veritas global fund sees £100m net inflow in '09

Veritas Asset Management's Global Equity Income fund has recorded a near £100m net inflow so far this year.

The strong net inflow has seen the Dublin-domiciled Ucits III fund grow from £79m to £170m in just the past seven months. Launched in February 2005, the vehicle is up around 35% since inception, according to Trustnet. "Our global income capability is attracting an increasingly diverse range of retail and institutional money," co-manager Charles Richardson says. "We shall continue to look to acquire companies who strive to sustain and grow their dividends, whilst at the same time aiming to avoid the increasing number of those who do not."