Managed funds

For right or wrong, it is an incontrovertible fact that more and more investors, as well as their advisers, are making the shift to using passive funds as part of their diversified portfolios.

ON ASSET ALLOCATION

ON ASSET ALLOCATION

Jupiter's Merlin multi-manager team, headed by CIO John Chatfeild-Roberts, have initiated a holding in Terry Smith's Fundsmith Equity fund as they increase their exposure to 'global titan' corporates.

Barings has hired Christopher Mahon from RMB Asset Management to replace Toby Nangle, Investment Week understands.

Robin McDonald, co-head of the multi-manager range at Cazenove, has said investors should not hold out for further stimulus from the Federal Reserve as he believes it has ceased its policy to weaken the US dollar.

Former Architas multi-manager Richard Philbin has joined Hampshire-based asset manager Hasley Investment Management.

MAM Funds' Simon Callow has been adding risk back into his CF Midas Balanced Growth fund during the second quarter by increasing his positions in international equity funds.

Net retail sales of funds of funds have exceeded £1bn for the first time in a year, according to IMA figures.

In the latest Conjecture debate, our panelists from Rathbone Unit Trust Management and S&P Capital IQ discussed Multi-Asset