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Wellington Management introduces four UCITS funds to the UK wealth market

Wellington Management, one of the world’s largest independent investment management firms, today announced the merger of four long standing UCITS funds.

PRESS RELEASE

  • Four UCITS funds totaling $7.3bn* AUM now available to intermediary clients
  • Firm expands wealth team resources with new hires 

LONDON —3 February 2025 — Wellington Management (“Wellington”), one of the world’s largest independent investment management firms, today announced the merger of four long standing UCITS funds from FCP** vehicles into SICAV vehicles. † 

The funds, with a combined total of $7.3bn* in assets under management, are now more accessible for UK-based wealth managers to include in their client portfolios.  

In addition to broadening the accessibility of the funds in the UK and European markets, the SICAV structure provides clarity of tax treatment, alongside additional governance benefits, such as shareholder voting rights and increased transparency.

“In today’s world, clients are increasingly doing more with fewer key strategic partners. As a result, it’s imperative we develop a broad toolkit of solutions in the most appropriate and accessible wrappers for wealth managers and advised retail clients,” said Matt Knight, Head of Distribution for UK & Ireland for Wellington Management.

The newly introduced funds include:

  • Wellington Global Quality Growth Fund, launched in March 2011, is managed by Steven Angeli. An actively managed global equity fund with an emphasis on balancing growth, valuation, total capital return and quality, it seeks to deliver long-term returns in excess of the MSCI All Country World Index. Since inception, it has delivered a cumulative return of 411.9% net of fees (12.8% annualised) versus its benchmark of 222.0% (9.0% annualised). * 
  • Wellington Climate Strategy Fund, launched in November 2018, is managed by Alan Hsu. An actively managed global equity fund, it focuses on firms that contribute to the environmental objective of climate risk mitigation and adaptation. The fund is enhanced by Wellington’s external collaborations with the Woodwell Climate Research Center and the Massachusetts Institute of Technology Center for Sustainability Science and Strategy. The fund seeks to deliver long-term total returns in excess of the MSCI All Country World Index. Since inception, it has returned 99.3% net of fees (11.9% annualised) versus the benchmark of 86.8% (10.7% annualised).
  • Wellington Asia Technology Fund, launched in March 2018, is managed by Yash Patodia. An actively managed Asian equity fund, it seeks to deliver long-term total returns in excess of the MSCI All Country Asia Pacific Technology Custom Sector Index by investing in the best-run Asian companies powering the growth of the multi-year tech cycle. Since inception, it has returned 59.0% net of fees (7.1% annualised) versus the benchmark of 56.4% (6.8% annualised). 
  • Wellington Global Innovation Fund, launched in February 2017, is managed by Michael Masdea and Brian Barbetta. An actively managed global equity fund, it seeks to deliver long-term capital appreciation in excess of the MSCI All Country World Index by investing in firms that are drivers or beneficiaries of innovation. Since inception, it has delivered a cumulative return of 170.0% net of fees (13.5% annualised) versus the benchmark of 117.6% (10.4% annualized). 

UK team expands with new hires

To better serve clients, Wellington’s EMEA Wealth team bolstered its resources with additional personnel. Ferdie Voorspuy joined the team in December 2024 and is responsible for developing relationships with wealth managers and advisers in the south, working alongside Adam Kay who oversees the northern regions. Prior to joining Wellington, Voorspuy spent eight years at Muzinich & Co. in the sales & client relations team. 

The team, led by Matt Knight, has also been strengthened by an additional team member, who joined in the autumn of 2024.

Wellington operates 19 offices around the world including London, Luxembourg, Milan, Madrid, Frankfurt, Zurich and Dubai.


About Wellington Management

Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,500 clients in more than 60 countries. The firm manages more than US$1.2 trillion, as of 31 December 2024, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture.

For press queries, please contact:

Stacey Willoughby | Wellington Management

swilloughby@wellington.com / +44 7504 986 242

Prosek Partners

Rebecca Hart / Milo Larkin

pro-wellingtonUK@prosek.com / +44 7722 122 027

For professional investor/trade press only.

PAST PERFORMANCE DOES NOT PREDICT FUTURE RETURNS. AN INVESTMENT CAN LOSE VALUE. Fund returns shown are net of USD S Accumulating Unhedged share class fees and expenses. Fund returns shown are net of actual (but not necessarily maximum) withholding and capital gains tax but are not otherwise adjusted for the effects of taxation and assume reinvestment of dividends and capital gains. | If an investor's own currency is different from the currency in which the fund is denominated, the investment return may increase or decrease as a result of currency fluctuations. | Please note the fund has a swing pricing mechanism in place. | Index returns are shown net of maximum withholding tax and assume reinvestment of dividends in line with the index providers methodology. If the last business day of the month is not a business day for the Fund, performance is calculated using the last available NAV. This may result in a performance differential between the fund and the index. | Sources: Fund - Wellington Management. Index – MSCI.

Notes to editors

*Assets under management as of 31 December 2024, in US Dollars. 

All performance as of 31 December 2024, USD S Acc. 

**The Fonds Commun de Placement, or FCP, is a Luxembourg fund structured as a contractual arrangement that issues non-voting units to investors, has no legal personality and may be considered tax transparent. 

The Société d'Investissement à Capital Variable, or SICAV fund, is a publicly traded open-ended Luxembourg investment company with variable capital that issues shares, similar to OEIC’s in the UK. These vehicles are typically considered tax opaque, are common in Europe, and offered cross-border globally.