Unit trust provider The WAY Group has launched a new unconstrained fund of funds in a bid to offer a wider range of investment options for its clients.
The WAY MA (mixed asset) Growth Portfolio, launched on Monday, will be managed by Jason Britton on behalf of boutique firm T. Bailey Asset Management in a third party arrangement. The fund will blend three investment approaches - core, conviction and alternative - which WAY says will enable Britton “far more freedom” to follow his own convictions with risk offset by “appropriate asset blending”. It will be the first of two fund of funds WAY expects to launch this year, with the WAY MA Cautious Portfolio currently awaiting FSA approval. That product will be managed by multi-manager 'Godfat...
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