Managed

PRUDENTIAL has revealed it intends to launch a new cautious fund in late February, to be managed by the firm's in-house portfolio management group (PMG).

THE £110.6m Cazenove Multi-Manager UK Growth portfolio has lagged its peers because of its lower exposure to the mid-cap sector, said fund manager Mark Harries.

MULTI-MANAGER funds are increasingly being used by investors for their SIPPs, according to Fidelity International.

MARKS & Spencer Money has appointed HSBC's investment team to oversee a new ethical multi-manager portfolio.

MULTI-MANAGER firm Margetts has sold the Fidelity European fund from its International Strategy offering and replaced it with Schroder European Alpha Plus.

CAZENOVE Capital's multi-manager offerings are now worth over £300m.

IMS is keeping a close eye on Japan and technology stocks this year, which it has tipped as growth areas that could help fuel healthy gains in its multi-manager portfolios.

CAUTIOUS Managed funds are not delivering for investors because they are ‘rammed full of fixed interest', Jon Maguire, founder of investment boutique cru claims.

CLOSE Investments has expanded its multi-manager proposition by acquiring Aon Asset Management.

US firm SEI is launching a low-risk fund which aims to provide retail investors with access to some of the world's top managers.