Managed funds

When making asset allocation decisions, the temptation is always to opt for markets and funds that are performing well.

Crosby Asset Management (CAM) has terminated its joint venture with Apollo Multi Asset Management.

Having recorded further heavy losses in early 2009 to reach a low point in March, share prices have rebounded strongly in recent months.

F&C has reintroduced AXA Framlington Equity Income to its multi-manager Cautious and Distribution portfolios.

Sentiment and certain macroeconomic data have recently improved and the risk of a prolonged global recession has eased.

Fund of funds and trackers saw strong Q2 sales this year but interest in ethical funds fell away, according to IMA figures.

Core strength of Prudential Group is its focus on top-down asset allocation, says Williams

Russell Investments, which runs several of Swip's multi-manager funds, is bringing its first UK-domiciled Oeics to market this year.

There have been two events within the multi-manager sector of the market occurring in the last two weeks - both quite different in nature - that are equally important and point a way forward for advisers.

Prudential is adding a Cautious contract to its range of PruFunds single premium with-profits mandates.