Investec Asset Management is to forge closer ties with life companies in a bid to sell its Cautious ...
Investec Asset Management is to forge closer ties with life companies in a bid to sell its Cautious Managed fund into the with-profits space. David Aird, joint managing director of Investec, said: 'The Sandler Review heralded the end of with-profits as a viable investment vehicle.' He added that although it was only a review, Sandler's focus on transparency would reduce the opaque with-profits vehicle to a standard mutual fund. Moreover, with the negative correlation between corporate bonds and equities becoming more pronounced over the past five years, cautious managed funds woul...
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