Close Wealth Management adds cautious fund

Close Wealth Management Group (CWMG) has launched a cautious fund, as a result of current market vo...

Close Wealth Management Group (CWMG) has launched a cautious fund, as a result of current market volatility. Run by Mark Parry, the Close Conservative Strategy fund aims to beat cash deposits, inflation and fixed income investments. The group said the vehicle will have a high cash weighting or near-cash securities in favour of other asset classes. Mark Bray, Close chief investment officer said: “We remain gloomy about the economic outlook and anticipate a further worsening in the credit backdrop over the coming months. Consequently we feel that the launch of our Conservative Strategy fun...