FundsNetwork launches RDR-proof MM solution

Accessible from 4 February, the new asset allocation service can take a defensive through to aggressive stance, depending on individual client risk profiles. Run by Fidelity’s multi-manager team, the five portfolios can invest in over 1,100 offerings available on FundsNetwork as well as more specialist vehicles, such as hedge funds. The multi-manager funds are: PortfolioManager Defensive – 10% UK equities, 85% UK bonds and 5% other PortfolioManager Cautious – 30% UK equities, 10% developed equities, 50% UK bonds and 10% property PortfolioManager Balanced – 30% UK equities, 25% devel...