SVM to launch new Cautious and Balanced FoFs

The SVM Cautious Managed and Balanced Managed funds will hold 40% and 15% respectively in an actively managed portfolio of cash and bonds. SVM says the vehicles will also invest in specialist areas, including private equity, property and hedge funds – similar to its Global Opportunities offering. The SVM Global Opportunities fund has returned 14.8% since launch on 15 May 2006, holding an ‘AA’ S&P rating and an OBSR ‘A’ rating. During the launch period between 15 May and the 30 September, SVM allows intermediaries to take up to 5.25% commission, or rebate the initial charge to clients....