Funds of funds are unlikely to set the world alight but for investors on the first rung of the investment ladder they can offer a low-risk introduction to equities
A number of recent high-profile fund launches has meant that fund of funds management is enjoying something of a revival. At this stage of the economic cycle, it is their diversity ' and the reduced investment risk that this brings ' that is the big attraction. This appeal has been driven home by the poor returns generated by so many unit trusts of late, particularly by sector-specific fads such as the technology boom. Martin Clements, lead fund manager of two funds of funds at RSA Investments, says: 'The bursting of the technology bubble and sudden decline of global indices affected ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
