Scottish Equitable is expanding its partnership with Northern Trust by launching a Cautious Managed ...
Scottish Equitable is expanding its partnership with Northern Trust by launching a Cautious Managed fund and sector specific portfolios. The Cautious Managed fund, the group's third manager of manager (mom) portfolio, will be available in the first quarter of 2005. The fund will aim for first-quartile performance in the Cautious Managed sector and will carry a 0.55% annual management fee plus the pension's wrapper charge of around 1%. Next year, the two groups will look to build asset class specific Mom funds for advisers who want do their own asset allocation. These will be similar to t...
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