Threadneedle Investments has added two managed funds to its range, the Defensive Equity & Bond and D...
Threadneedle Investments has added two managed funds to its range, the Defensive Equity & Bond and Defensive Bond portfolios, bringing the number of managed funds it offers to five.
Both funds will be run by Laurence Mutkin, head of bond strategy at the group.
The portfolios are UK-domiciled, authorised, fettered fund of funds unit trusts, meaning they only invest in Threadneedle funds.
Defensive Bond will invest entirely in fixed-interest funds while Defensive Equity & Bond will have 25% exposure to equities and 75% to debt.
The initial charge on the funds is 3.75%, with an annual management fee of 0.25%, in addition to the standard underlying fund charges. Both are available as an Isa or a Pep transfer and can be linked to Threadneedle's cash withdrawal facility.
The current range, consisting of the Cautious, Balanced and Adventurous funds, will be renamed. The Cautious portfolio will become the Equity & Bond fund while the Balanced portfolio will become Global Equity & Bond. Adventurous Managed will be renamed Global Equity.
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