Successful investment means minimising risks to achieve a positive return. On the stock market a sole investor would need considerable resources in order to spread the investment risk across a wide range of companies. But by joining forces in an OEIC, all investors, whether large or small, can enjoy the shared benefits obtained by the wide spread of investments and proportionately lower costs.

An OEIC is an Open Ended Investment Company. It has an umbrella-like structure that consists of a range of 'sub-funds' that can invest in a variety of assets such as equities and gilts. Each sub-fund is effectively a separately managed portfolio that specialises in a different area of investment.

Cavendish Asset Management is investment adviser for Cavendish Investments Funds OEIC. There are a series of sub funds, three established sub-funds: Cavendish Worldwide Fund, the Cavendish Opportunities Fund and the Cavendish AIM Fund. On the 15th of May five additional funds were added: the Cavendish Technology Fund, Cavendish European Fund, Cavendish Japan Fund and the Cavendish North American Fund. The Cavendish Asia Pacific Fund, launched on the 15th June 2009. The Cavendish UK Balanced Income fund and the Cavendish UK Select fund launched May 17th 2010.

By creating these sub-funds, Cavendish looks to provide potential and existing investors increased choice, a greater chance to diversify their holdings according to their individual preferences, and more formally recognise the talent and experience of these fund managers.

The Funds offer the private investor:

• A wide spread of investments.
• Professional fund management.
• Global investment opportunities.
• Efficient dealing and administration.
• Expertise and experience.

OEICs also have the virtue that capital gains tax is only crystallised when sub-funds are sold. Unlike a conventional client equity portfolio, shares can be bought and sold freely by the fund manager within the sub-fund without incurring any tax implications for the client.

We believe that an OEIC is an effective method for a UK tax payer to hold shares. For this reason the Cavendish Worldwide Fund may be thought of as a vehicle for holding a global portfolio and the Cavendish Opportunities Fund as one way of holding UK smaller companies and recovery stocks. In both cases the Managers will determine the portfolio weightings. The OEIC holder will benefit from professional management and the fact that sub-funds are subject to low portfolio dealing costs. The Manager assumes responsibility for share registration, dividend collection and income distribution.

Cavendish Asset Management welcomes feedback from its investors and any complaints that may be received are treated and are addressed promptly. To view a summary of our internal process on handling complaints please click here to see Complaints Policy and Procedure.

Please remember that past performance should not be seen as an indication of future performance. The value of shares and units and the income from them may go down as well as up, and investors may not get back the amount they originally invested. Changes in rates of exchange may also cause the value of investments to go up or down. The Cavendish AIM Fund invests in securities issued by smaller companies and the market for these securities may be less liquid than the market for securities issued by larger companies. Clients of Cavendish Asset Management may hold investments in some of the companies mentioned on this website and in the attached publications.

Cavendish Asset Management Limited is authorised and regulated by the Financial Services Authority.