Solus Investment Partnership has launched a suite of multimanager products, to be managed by Kevin D...
Solus Investment Partnership has launched a suite of multimanager products, to be managed by Kevin Doran.
These will offer growth, balanced and international globally-invested portfolios. Each of these in turn will have their assets divided into five categories covering core markets, small caps, specialist, momentum funds and those which are out of favour but with recovery prospects, termed 'counter-momentum' by Solus.
Doran said the asset allocation on all three will be derived from Solus' top-down macroeconomic outlook.
The growth and balanced strategies are benchmarked against the FT Apcims growth and balanced indices, while the international strategy will be benchmarked against the FTSE World ex-UK index.
The portfolios are currently invested in 17 individual funds, with 15 holdings in the growth and balanced portfolios and 11 in the international portfolio.
The international portfolio is currently underweight North America and overweight Europe and emerging markets. At launch, the asset allocation split is 55% in North America, 25% Europe, 8% Japan, 5% Pacific excluding Japan, 4% emerging markets and 3% cash.
Doran said: 'The biggest holding in the growth and balanced portfolios is the HSBC UK Growth & Income fund, run by Tim Russell. Our main fixed income component is the Aberdeen Sterling Bond fund, managed by Phil Roantree.'
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