Money Portal to launch quasi-discretionary funds of funds

Intermediary group Money Portal is to launch at least seven funds of funds over the next year, movin...

Intermediary group Money Portal is to launch at least seven funds of funds over the next year, moving from a purely sales-orientated approach to quasi-discretionary structure. Subject to regulatory approval, the funds will sit in the Cautious Managed sector with the first launch expected in the next few months and the rest spread over the course of the year. The group is yet to release details of where the various funds will invest, although they are not expected to take advantage of the wider Ucits III powers. Overall, the range will be managed by Bates' research team, headed by Sophie...