SEI offers lower-risk alternative to clients

Scottish Equitable International (SEI) has added a third manager of managers offering to its fund range. The Cautious Manager of Managers fund is also being managed by Northern Trust, who also runs the Stock Market Managed and Balanced Managed Manager of Managers. Steven Whalley, head of marketing at SEI, said he added the Cautious Manager of Managers fund because he wanted to offer investors a lower risk alternative to the Stock Market and Balanced funds. The fund invests in equities and fixed interest and will be positioned in the Lipper Mixed Asset Balanced Other Sector. The average ass...