The three Misys funds of funds Rothschild Asset Management bought on 31 May will be fully rebalanced...
The three Misys funds of funds Rothschild Asset Management bought on 31 May will be fully rebalanced by the end of this month.
The underlying holdings in the three, which are International, Higher Income and UK Equity, are being altered to reflect the group's buy list.
Fund purchases by Bambos Hambi, head of portfolio services, include Artemis UK Smaller Companies, Thames River European and Findlay Park US Smaller Companies.
The three have a 3.25% initial fee, 1.5% annual charge and 0.5% trail commission available to intermediaries. There is also 3% initial available for intermediaries. All have been rebranded under the Five Arrows banner.
The £2.5m Five Arrows Independent International fund provides Rothschilds with its first retail fund of funds within the global growth sector. The £7.5m Higher Income fund, in the cautious managed sector, is benchmarked against a mix of 60% fixed interest and 40% equities. The UK Equity fund also has assets of £7.5m and is in the UK All Companies sector. All are exclusively for retail investors.
The Higher Income fund is in the cautious managed sector with a tilt towards absolute yield from both shares and bonds. The existing Rothschilds Independent Income fund is in the balanced managed sector.
Improving portfolio diversification
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