Collins Stewart plans three onshore funds

Collins Stewart is within two months of launching three onshore funds of funds which use aggressive asset allocation switches to build client returns. The growth, balanced and income portfolios will all aim to outperform their relevant Apcims benchmark but the focus will be on producing absolute returns for investors. John Davey, chief executive of the private client division at Collins Stewart, said: 'Private clients want absolute returns rather than relative. They want to come out of the bank and invest to make more money. So we will have benchmarks but we won't let them wag the d...