Group will outsource management of three products to be unveiled in January
M&G is to launch three unfettered funds of funds in the first week of January, outsourcing the management to a third party. The group is still in negotiations with two fund management houses to run its range of multi-manager funds, which will start off with UK Growth, Growth and Balanced portfolios. More options will be added at a later date. M&G currently runs two fettered funds of funds but does not believe it has the expertise to manage unfettered products. The group has yet to decide the format of its range, whether it should be a manager of manager or fund of funds approach, but is...
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