Threadneedle expansion

Threadneedle is considering expanding its fund of funds range as part of its push to increase multi-manager operations in the UK and Europe. The group, which currently offers four fettered fund of funds products, said it is looking at ways of adding to its range and may adopt an unfettered approach. Demand for these types of products is high on the Continent and the concept of multi-manager is growing rapidly in the UK. Alan Ainsworth, deputy chairman at Threadneedle Investments, said while fund of funds have been available in the UK for some time, fund management groups are entering i...