Multi-manager has proved popular in the open-ended fund sector so now it is being used in investment trusts, although so far only a few funds are available
We are all used to reading that multi-manager is the emerging force within the funds industry. Standard & Poor's now value multi-manager assets at £15.45bn spread over some 152 funds, with all but £2bn of this estimated to be in retail money. There are good reasons for this strength in the investment marketplace - fund of funds and manger of manager approaches free the adviser from taking many investment decisions, putting responsibility in the hands of professional managers. Multi-manager offers advisers and their clients diversity and a spread of risk. Also, there is the opportunity to c...
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