Success to the power of five - Full Portfolio Fund range from Close Brothers Asset Management attains silver grading from S&P Capital IQ

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Full Portfolio Fund range from Close Brothers Asset Management attains silver grading from S&P Capital IQ

Close Brothers Asset Management (“CBAM”) announced today (06.02.2013) that the Close Growth Portfolio Fund managed by Chris Bailey has been awarded a silver grading by S&P Capital IQ. This means that all five Funds from the Close Portfolio Fund range have now attained the prestigious standard with Close Bond Income Portfolio Fund, Close Diversified Income Portfolio Fund, Close Conservative Portfolio Fund and Close Balanced Portfolio Fund all awarded silver grading in 2012.

S&P Capital IQ awarded the grading to the Close Growth Portfolio Fund following an in-depth analysis of fund performance and investment philosophy. Traditionally, gradings require at least three years’ consistent performance data but in the case of CBAM’s Portfolio Funds, S&P Capital IQ made the award based on data drawn over a shorter time period thanks to impressive performance since launching in 2010.

Nancy Curtin, Chief Investment Officer at Close Brothers Asset Management, said:
“To be awarded a silver grading by S&P Capital IQ for the full Close Brothers’ Portfolio Fund range is a great achievement especially considering the current market conditions. The fact that all five funds have turned in consistent risk-adjusted performance despite turbulent market conditions is testament to CBAM’s proven expertise in managing multi-asset investments as well as proof positive of the managers’ timely identification of themes and superb stock selection.”

“The strong team-based approach and a decent track record have allowed the fund to achieve an S&P Capital Silver grading, which indicates high standards of quality in its sector compared to funds with similar objectives” says fund analyst Randal Goldsmith at S&P Capital IQ.

There are a total of 12 risk rated funds in the Close Discretionary Fund range. They are available from as little as £1,000 and give investors’ access to CBAM’s modern multi-asset investment capability encompassing a range of risk profiles and investment styles (direct, multi manager and passive). Complementing CBAM’s full discretionary portfolio management services, the funds are designed to be suitable as an ‘all in one’ portfolio for investors seeking capital preservation, income or growth.

Past performance is not a reliable indicator of future returns. The value of investments can go up and down and clients may get back less than originally invested.

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Notes to editors

For further editorial information please contact Ursula Delaney/ Kelly Hollidge at Teamspirit PR on 020 7360 7877 or udelaney(at)teamspiritpr(dot)com / khollidge(at)teamspiritpr(dot)com

About Close Brothers Asset Management
Close Brothers Asset Management provides a full range of advice, investment management and self directed services to private and corporate clients and professional advisers. The business operates out of offices in London, Bristol, Manchester, Cuckfield, Leeds, Newcastle, Northwich, Edinburgh and Glasgow.
Close Brothers Asset Management is a trading name of Close Asset Management Limited and is part of Close Brothers Group plc. Close Asset Management Limited is registered in England and Wales and authorised and regulated by the Financial Services Authority. Registered number: 01644127. Registered office: 10 Crown Place, London EC2A 4FT. VAT registration number: 245 5013 86.

Close Brothers Group plc is a specialist financial services group which makes loans, trades securities and provides advice and investment management solutions to a wide range of clients. Close Brothers was established in 1878 and today employs over 2,500 people, principally in the UK. Close Brothers Group plc is listed on the London Stock Exchange and is a member of the FTSE250.

For more information about Close Brothers Asset Management, please visit

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Kelly Hollidge
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