River & Mercantile (“R&M”) has 90% AuM/NuM in Fiduciary Management and Derivative Solutions which have relatively low correlation with equity markets. The Equity Solutions funds have a strong track record and are growing. We feel that R&M offers value given growth potential and the quality of earnings in Fiduciary Management and Derivative Solutions from long-term relationships with pension funds. We forecast 20%+ 3yr management fee EPS CAGR and a 4%+ dividend yield. We initiate with a 400p 12m ....
08 Aug 2017
N+1 Singer - River and Mercantile Group - Delivering optimal risk-reward solutions
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N+1 Singer - River and Mercantile Group - Delivering optimal risk-reward solutions
- Published:
08 Aug 2017 -
Author:
Andrew Watson -
Pages:
22
River & Mercantile (“R&M”) has 90% AuM/NuM in Fiduciary Management and Derivative Solutions which have relatively low correlation with equity markets. The Equity Solutions funds have a strong track record and are growing. We feel that R&M offers value given growth potential and the quality of earnings in Fiduciary Management and Derivative Solutions from long-term relationships with pension funds. We forecast 20%+ 3yr management fee EPS CAGR and a 4%+ dividend yield. We initiate with a 400p 12m ....