Fund of funds ideal for PEPs says Edinburgh

Edinburgh Fund Management is advising PEP holders to diversify their investments into fund of funds in light of April's legislation changes that allow PEPs to be invested globally. The group says the inconsistent performance of individual funds as well as the inconsistent performance of the major markets naturally puts the spotlight on fund of funds as an ideal means of diversifying risk. EFM notes that an examination of Micropal statistics shows that only 6% of funds in the UK All Companies Sector have remained consistently in the top two quartiles over the last three consecuti...