Smile looks for higher alpha

the revised make-up of smile's online offerings reflects a slightly more bullish equity outlook

Online provider Smile invest has altered the make-up of its packaged Isa offerings, replacing funds expected to produce average growth with higher-alpha products. Existing holders will retain their present holdings unless they opt to change to an updated package. With manager moves and underperformance also cited as reasons for changes, the funds replaced include Aegon Extra Income, managed by Philip Milburn since Stephen Snowden joined Old Mutual last year, and Credit Suisse Income, under Leigh Harrison since Bill Mott took a more strategic role in the group. The Aegon fund was replaced ...