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AJ Bell launches passive global growth fund

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AJ Bell launches passive global growth fund

AJ Bell has launched a passive global growth fund as it expands the level of inhouse investment products it offers. 

The fund will have a focus on emerging markets and technology.

‘Our exposure to the top EM countries, known as the EM7, (Brazil, China, India, Indonesia, Mexico, Russia and Turkey) and innovative technology companies is higher than similar multi-asset funds on the market,’ said Kevin Doran (pictured), managing director of AJ Bell Investments.

Ongoing charges (OCF) will be capped at 0.5% a year. This differs from other multi-asset funds where the OCF varies depended on holdings.

The firm has waived its platform charge for passive funds until January 2019.

Doran added: ‘As globalisation continues its march forward, it’s no surprise that investors are thinking more globally and seeking ways to access the potential growth of global markets.

‘The fund will be a popular option for clients looking to build that long-term nest egg, be it for their own retirement or for children or grandchildren, who can tolerate a higher level of risk.’

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