Way Fund Managers plans to launch a Cautious fund of funds (Fof) portfolio at the end of the summer ...
Way Fund Managers plans to launch a Cautious fund of funds (Fof) portfolio at the end of the summer and will make it available to investors via its Inheritance Tax Mitigation Plan. As investors in this plan are looking to shelter wealth, rather than have an income stream, the group is introducing the portfolio to meet demand for a cautious fund that will keep yields and risk to capital low. According to Eddy O'Gorman, head of sales at Way, conventional cautious managed funds have a high degree of fixed interest, providing a yield that can trigger an income tax event. The company has n...
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