Rensburg launches its first ever retail fund of fund For wales-based IFA
Rensburg has launched its first ever retail fund of funds (Fof), managing the Snowdonia Growth portfolio on behalf of Wales-based IFA firm Buckles. This fund invests 100% in equities with 51% in the UK, 26% in North America, 11% in European equities and the rest in the Far East, Japan and cash. On the US, the group is bearish on the economy at present, taking a defensive stance in the form of L&G's US Index fund. Rensburg manager Quintin Ings-Chambers said: "In the US, very few funds have outperformed the market over the past three years. We are taking a defensive stance on the US eco...
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