Apollo targets 15% returns with multi-asset best ideas

Apollo is planning a multi-asset best ideas fund for launch within the next few months. The fund wi...

Apollo is planning a multi-asset best ideas fund for launch within the next few months. The fund will target returns of 12%-15% over an investment cycle of three to five years through a portfolio of around 20 holdings. Structured as a Guernsey protected cell company, the fund will be a concentrated global portfolio with a more aggressive risk profile than the group's existing balanced and cautious funds. By investing in funds, structured products, index trackers and directly in securities, the vehicle will seek exposure to eight asset classes: equities, bonds, commodities, currency fu...