Both of the funds are aimed at wholesale and institutional investors and will be managed by head of global equities Peter Rutter, along with Will Kenney and James Clarke.
The global equity team joined RLAM at the beginning of the year from Waverton and manage global equities mandates on behalf of both the Royal London group and third parties. Overall, RLAM manages £33bn of UK and overseas equities.
The Royal London Global Equity Select Fund will invest in a concentrated portfolio of 25-40 global stocks from both developed and emerging markets. A high conviction approach means this fund will not be constrained by the constituents or weightings of the benchmark index.
The Select Fund will aim to outperform the MSCI World Net Total Return index by 2.5% per annum over rolling three year periods.
The second fund is the Royal London Global Equity Diversified Fund, which will invest in a much more diversified global equity portfolio, with country and sector exposures broadly in line with its benchmark, the MSCI World Net Total Return index.
Mr Rutter said: “These funds will offer clients the benefits of our team’s investment process, focused on identifying and investing in stocks globally, with particular shareholder wealth creation and valuation characteristics.”
Piers Hillier, chief investment officer at Royal London Asset Management, said: “Having seen significant client demand for global equity products, we’re pleased to offer clients a pair of strategies which can harness the time-tested approach of our new global equity team.
“The Select and Diversified portfolios offer investors access to exciting opportunities and the benefits of diversification which global equities provide. Launching these new funds reinforces RLAM’s commitment to active equity investing in areas where we believe we can add value for our clients.”