James Hay adds New Star Heart of Africa fund

James Hay has added the New Star Heart of Africa Fund to both its Wrap & SIPP fund ranges.
The total number of funds now available on James Hay Wrap totals 1,304 funds from 56 different providers and the number of funds on its Collect SIPP Platform is 1,007 from 45 different providers.

Shaun Sandiford at James Hay, said: “This newly launched fund offers investors a rare opportunity to invest in the returns potential of sub-Saharan Africa. The fund manager, Jamie Allsopp, has enjoyed considerable success with the New Star Hidden Value Fund and is currently AA-rated by Citywire.”

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £13 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports “any fund, in any tax wrapper at any time” and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.