Retail gets a slice of the pie

THIS MONTH SAW the first multi-asset portfolio from a major retail brand name as Cazenove announced the launch of its Diversity fund. It is not the first provider to do this, but the announcement shows how multi-asset portfolios are entering the mainstream. Do these funds represent the ideal core investment? And if so, should we be expecting more launches from the retail market? These launches have been made possible by the new Non-Ucits Retail Scheme (NURS) and have taken a number of different forms. The Cazenove fund aims to deliver a return of 4% over the consumer price index by in...