The fund will be managed by the US asset manager Barrow Hanley, Mewhinney & Strauss.
The wealth manager said that the main objective of the formation of the new asset management firm is to protect investors’ capital in difficult markets and produce attractive total returns by investing in large-cap American equities through a portfolio of 40-50 stocks.
F&C investment trust business development head Ed Morse said the combination of an annual management fee of 0.75%, together with the fact that there is no performance fee, helps ensure that the firm align the interests of the manager with its investors.
The company hopes that it will obtain admission for the dealings of normal settlement in the shares will begin in the last week of June 2012.
F&C Barrow Hanley US Trust plc will provide investors with an opportunity to gain strategic, value added exposure to the US equity market.
