A new UK Mid-Cap Unique Companies Fund will be offered to Australian investors.The product is available via a joint venture of Mariner Financial and Inteq, andis based on the FTSE Unique Index. To qualify, the 35 companies included mustgain a minimum of four fifths of their income in a market niche in which theyare the only provider. The outperformance compared with the wider stock marketis partly due to the higher incidence of takeover offers for this kind of stock.The new fund has a target of over Stg500m ($A1.86bn) in assets under managementby about 2012, and will initially seek $A50m in Australian contributions
MFI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
