Buckles to expand OEIC range

The fund of funds will aim to return Libor plus two percent and will join Snowdonia’s Balanced, Growth, Income and Property funds as its fifth sub fund. Rick Eling, the Snowdonia fund development manager at Buckles, said there was growing sentiment among investors for such a product in the current climate. “I think we will see a bit more risk aversion from investors so a cautious managed product would suit people, and we want to have something in place by the end of the year.” The team at Buckles runs elements of the OEIC including manager recruitment and asset allocation targets, ...