F&C to change MM Distribution fund split

Since launch, the fund has had a neutral asset allocation of 50% bonds, 30% equities and 20% commercial property. This split will now be changed to 50% fixed interest, 30% equities and 20% alternative, or "other" investments - all with a 15% plus/minus variance. Alternatives will include property, commodities funds and absolute return strategies. F&C says the changes are due to the emergence of a wider range of alternative investment strategies now available through open-ended funds and to more clearly define the team's scope to adjust asset exposures. The group does not expect the ch...