Threadneedle adds two to managed fund range

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 managemen...