Managers remain divided on concept of 'best ideas' funds

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As the appetite for fund launches continues to be staid in the tough market, many will be looking to...

As the appetite for fund launches continues to be staid in the tough market, many will be looking to those companies bullish enough to push out new offerings. Over the first month of 2009, both Invesco Perpetual and Hasley Elite Management have brought funds to market that aim to use a "best of" approach. The former gathers knowledge from its regional offices, to create its Global Equity Income fund, with the intention of providing investors with the top 75 stocks to invest in worldwide. Hasley, meanwhile, has delved into the market with its Elite Hasley Best Ideas Portfolio, which co...

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