Threadneedle Investments has added two managed funds to its range, the Defensive Equity & Bond and t...
Threadneedle Investments has added two managed funds to its range, the Defensive Equity & Bond and the Defensive Bond portfolios, which brings the number of managed portfolios the group offers to five.
The funds will be run by Laurence Mutkin, head of bond strategy at the group. Both portfolios are UK-domiciled authorised fund of funds unit trusts.
The Threadneedle Defensive Bond fund will invest entirely in fixed-interest funds while Defensive Equity & Bond will have 25% exposure to equities and 75% to debt.
The initial charge on the funds is 3.75%. There is an annual management fee of 0.25% in addition to the standard underlying charges. Both funds are Isable, Pepable and can be linked to Threadneedle's cash withdrawal facility.
With the addition of these funds, the current Threadneedle range, consisting of the Cautious, Balanced and Adventurous portfolios, will undergo name changes.
The Cautious portfolio will become the Equity and Bond fund while the Balanced portfolio will become Global Equity and Bond. Adventurous Managed will be renamed Threadneedle Global Equity.
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An added tier of asset management can of course deliver additional benefits for certain investors, writes Graham Bentley - just be sure you can justify it to the regulator and, especially, the client