Managed funds

Vanguard has launched the LifeStrategy range, a suite of five fund of index funds with low annual management charges.

ON ASSET ALLOCATION

Leading fund groups suggest a focus on risk assets in Managed sectors after IMA review causes furore.

Henderson Global Investors is to merge the three Gartmore Multi-Manager funds run by Tony Lanning and Bill McQuaker into its own range as part of an overhaul of its offering.

Former Gartmore multi-manager duo Ari Towli and Nick Roberts have joined John Husselbee's multi-asset boutique North Investment Partners.

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That the IMA was surprised by the furore over its classifications of the Managed sectors speaks volumes for the mess in which the trade body finds itself mired.

In its renaming of the Managed sectors, the IMA said it talked to all the interested parties. The trouble is, it missed out the most important - investors.

Another investment theme with a catchy acronym is moving into the limelight, but is there a story behind the moniker?

ON ASSET ALLOCATION