MGM Assurance launches managed funds

MGM Assurance has launched two managed funds, following the appointment of David Stewart as head of ...

MGM Assurance has launched two managed funds, following the appointment of David Stewart as head of investments. The MGM Cautious Managed fund and the MGM Adventurous Managed fund will be managed by external investment managers, yet to be selected. The Cautious Managed Fund will hold between 10% and 20% of its assets in property and is expected to return an average of 7.2% per annum over a term of 10 years or more. The MGM Adventurous Managed Fund can invest up to 100% of assets into equities, and is expected to return an average return of 9.1% per annum over a term of 10 years or mor...