Cautious fund of funds move from M&G

M&G has launched a Cautious Managed fund of funds to be run by Cazenove along with the M&G Growth, U...

M&G has launched a Cautious Managed fund of funds to be run by Cazenove along with the M&G Growth, UK Growth and Balanced fund of funds portfolios unveiled in January. The Cautious Managed product will invest in 50% UK equity and 50% fixed income funds. Cazenove head of multi-manager Mark Harries, named manager on the M&G portfolios, said the Cautious fund was created in response to intermediary demand following roadshows for the initial three portfolios. 'People are becoming more risk averse and this is being pitched as a lower-risk option,' he said. 'The equity side will be style-neu...