RBS enters the retail market with managed funds

The RBS Volatility Controlled Cautious Managed and Volatility Controlled Balanced Managed funds will invest across equities, bonds and commodities, among other asset classes, and will be managed using a quantitative-based model by a six-strong investment team. Cautious Managed aims never to exceed 10% annual volatility, while Balanced Managed aims to maintain volatility between 10% and 15%. At launch the Cautious fund will have 54% in equities, 40% in bonds, 5% in commodities and 1% in property equities. Balanced will have 71% in equities, 14% in bonds, 10% in property equities and 5%...