F&C is changing the flexibility of the mandate on Dean Cheeseman's Multi-Manager Distribution fund fr...
F&C is changing the flexibility of the mandate on Dean Cheeseman's Multi-Manager Distribution fund from 1 August. Since launch, the fund has had a neutral asset allocation of 50% bonds, 30% equities and 20% commercial property. This split will now be changed to 50% fixed interest, 30% equities and 20% alternative, or "other" investments - all with a 15% plus/minus variance. Alternatives will include property, commodities funds and absolute return strategies. F&C says the changes are due to the emergence of a wider range of alternative investment strategies now available through open-e...
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