F&C is introducing an asset allocation fund to the UK market as it kick-starts a three-year initiative to offer more specialist and higher fee products.
It has launched the Global Tactical Asset Allocation (GTAA) Alpha fund to institutional investors, seed-funded with €200m from a Dutch institutional client. The fund is shortly to be registered with European authorities and marketed to continental investors. However, it intends to launch a retail share class for UK investors once the institutional version is successfully running. Jason Hollands, director of communications for F&C, said: “It is primarily for institutional investors but we also think there will be potential interest from multi-manager and discretionary managers.” The produ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
