LV= uses cookies to give you the best experience online and to provide anonymised, aggregated site usage data. You can find out what cookies we use and how you can disable them in our Cookie Policy. By continuing to use our website, you agree to our use of cookies in accordance with our cookie policy unless you have disabled them.

skip to main content

Catch up with the latest press releases from LV=

Large green heart

LVAM Launches LV= US Equity Income Fund

Press release: 31/05/2011

LV= Asset Management (LVAM), the fund management arm of insurance, investment and pensions group LV=, has today launched the LV= US Equity Income Fund.

The fund will be managed by Marcus Chandler, reporting to Graham Ashby who is Head of UK Equities at LVAM. Marcus and Graham both have previous experience in running international equity income funds at Sarasin and Credit Suisse. The fund is designed for investors looking for a combination of regular quarterly income, US equity market exposure and the prospect of long-term capital growth.

It will aim to do this by investing principally in US equities (at least 80%). The strategy of the fund will be to hold a relatively concentrated portfolio (40- 70) stocks with no individual stock exceeding 5%. As the fund is primarily focused on generating income, it may deviate from its benchmark, the S&P 500 TR Index. For example, the fund manager may choose to allocate a proportion of his portfolio to corporate bonds to generate higher income returns.

At launch the fund will have one active share class which is an Institutional class. Therefore, it will be targeted at discretionary, institutional and fund of funds investors and will sit within the IMA North America sector.

Marcus Chandler commented: "The outlook for US companies is positive, helped by increased sales overseas, the strongest balance sheets in living memory and good cash generation. Going forward we also expect strong dividend growth as cover is very high and the fund will aim to have a yield of 150% of the S&P 500 yield."

Graham Ashby added: "The LV= US Equity Income Fund will offer institutional investors looking for exposure to the North American market the opportunity for a regular quarterly income and the potential for long-term capital growth"


LV= is a registered trademark of Liverpool Victoria Friendly Society Limited (LVFS) and a trading style of the Liverpool Victoria group of companies.

LV= employs around 4,500 people, serves over four million customers and members, and manages around £8.0bn (as at 31 December 2010) on their behalf, via LV= Asset Management (LVAM). We are also the UK’s largest friendly society and a leading mutual financial services provider.

LVFS is authorised and regulated by the Financial Services Authority, register number 110035. LVFS is a member of the ABI, the AFM and ILAG. Registered address: County Gates, Bournemouth BH1 2NF.