Fidelity International has launched two new multi-asset funds for Trevor Greetham.
Sitting alongside the manager's successful Multi Asset Strategic vehicle, the new Multi Asset Defensive and Growth funds will utilise Greetham's tactical asset allocation approach with differing risk/return profiles.
The funds will invest in a range of global assets - providing exposure to equities, bonds, commodities, property and cash.
FIL Multi Asset Defensive, which sits in the IMA Cautious Managed sector, will allocate a larger proportion of its assets to bonds and cash than the existing Strategic product. Its benchmark is 50% UK bonds, 25% cash, 15% UK and global equities, 5% global real estate and 5% commodities.
Part of the IMA Active Managed sector, FIL Multi Asset Growth allocates more to equities, property and commodities. It aims to provide equity-like returns over the long term, but with a lower level of short term volatility. The fund's benchmark is 20% UK bonds, 5% cash, 50% UK and global equities, 10% global real estate and 15% commodities.
Greetham uses his ‘investment clock' model to adapt his portfolios across the asset classes at different periods of the economic cycle.
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