James Hay adds UBS US growth fund to collect SIPP platform

James Hay has added the newly launched UBS US Growth Fund to its Collect and SIPP platform. The total number of funds now available on James Hay Wrap totals 1,376 funds from 59 different providers, with 1041 funds from 46 different providers on James Hay's Collect SIPP platform.

The UBS US Growth Fund mirrors UBS' highly successful offshore US Lux Equity USA Growth SICAV, and will be managed from New York by Josh Chisari. The fund will invest in a concentrated portfolio of 35 to 55 large cap stocks, and aims to deliver long term outperformance through investing in uncorrelated growth situations - classical growth stocks, elite growth stocks and cyclical growth stocks.

Chris Smeaton, Head of Funds, James Hay, said: "We are delighted to offer IFAs access to this highly attractive fund from UBS. UBS has a highly regarded US equity capability, and the company believes that the US provides an attractive buying opportunity, given that the US markets have already aggressively re-rated."

Investors using James Hay 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.

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.