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...
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