F&C plans 'stepping stone' Lifestyle fund for Potter & Burdett

The group plans to launch the F&C MM Lifestyle Foundation fund at the end of 2013, subject to regulatory approval. Managed by Burdett and Potter, the fund will be the lowest-risk Lifestyle offering and will employ tactical asset allocation strategies within a pre-defined volatility band. Asset allocation will correspond to plus or minus 5% in an individual asset class, with allocations reviewed once a quarter and regular rebalancing. John Yule, head of UK retail at F&C, said the fund is a "stepping stone" for investors looking to move out of cash. The F&C Lifestyle range is comp...