When he set up Rathbones' multi-asset funds 10 years ago, remembers David Coombs, many people did not understand why a manager would set targets for return and risk that investors could hold them to
What a vintage - 2009 saw the rise of Susan Boyle (Britain's Got Talent), Jedward (X Factor) and the Rathbone Multi-Asset Portfolios. I leave it to you to decide which has had the biggest impact on the cultural progression of the British Isles. But I am Welsh, remember - I know about singing. In the uncharacteristically dry heat of that June, 10 years ago, we launched the Strategic Growth and Total Return Portfolio funds with £17.6m and £13.1m respectively. The funds were a unitised version of the model portfolio service we had purchased from Dexia Bank. Most of these model portfolios...
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