Fund manager defection fuels argument for managed investment vehicles

Investors perturbed by the current level of fund manager defections have been advised to invest in a managed vehicle, such as a fund of funds, by Paul Talbot, Managing Director, Edinburgh Portfolio. Talbot says this obvious and simple solution minimises the impact of a "star" manager defection because changes can be made, if necessary, without incurring potential capital gains tax liabilities. If the move is thought to be beneficial, money can be switched quickly and without incurring too much cost, reasons Talbot. Investors have good reason to be nervous at present - Although...