Credit Suisse to revamp fund of funds range

Under the proposals, the group’s European, Japanese and North American portfolios are to merge into its existing International Growth fund, while its Asia Pacific vehicle will be absorbed into Emerging Markets fund. Co heads of multi-manager, Graham Duce and Aidan Kearney, said the changes would potentially improve the efficiency of the funds as asset allocation decisions in the enlarged International portfolio could be made without any direct tax implications. The managers also cited a shift in attitudes towards asset allocation as reason for the changes. “Clients don’t always want ...