Scottish Widows Investment Solutions has taken about £300m into the four fund of managers portf...
Scottish Widows Investment Solutions has taken about £300m into the four fund of managers portfolios run by Frank Russell in their first year of trading. Some 55% of investment in the funds, which launched on 28 January 2002, has come from intermediaries, according to the company. The rest has come through Lloyds TSB Bank and a small in-house direct marketing and sales operation. All four funds are available to offshore as well as onshore clients. Andrew Gordon, Scottish Widows Investment Solutions' senior investment development manager, said: 'In terms of what investment has gone...
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