Castlestone launches Intelligent Fettered Fof vehicle into market

Castlestone is launching a fettered multi-asset fund of funds, investing in fixed income, cash, equi...

Castlestone is launching a fettered multi-asset fund of funds, investing in fixed income, cash, equities, property and alternatives such as commodities. Its Intelligent Portfolio offering will come to market on 30 June. The group said this fund will include a range of asset classes in a single product, similar to its Porcupine Global Macro Plus fund, which launched to the institutional market in 2002. Minimum investment is either $10,000, £10,000 or €10,000. The fettered vehicle will also be able to hold assets such as exchange-traded funds and other collective vehicles. At launch...