SEI in multi-manager foray

Multi manager SEI has launched an income multi-manager portfolio aimed at the intermediary market. The portfolio, which will be sold through online fund supermarket Selestia, will be split approximately 60% in equity funds, predominantly invested in UK equities, and 40% in fixed interest funds. The underlying funds are all SEI funds contracted out to one or more external fund managers which SEI selects and monitors carefully. The groups to which investors will gain exposure at launch are Goldman Sachs, Liontrust, Acadian, Jardine Fleming, Alliance Capital and Deutsche Asset Managemen...