Old Mutual Worldwide to be actively managed

Old Mutual is to recreate its Standard & Poor's AA-rated £73m Worldwide global equity fund as an ...

Old Mutual is to recreate its Standard & Poor's AA-rated £73m Worldwide global equity fund as an actively managed portfolio run along sector lines by its global equities desk, according to Investment Week. Currently, the fund is managed using Old Mutual's active quants system, which the asset manager no longer believes is marketable in the retail context, but it will move to active management from 1 April. The global equities desk, which was set up last year, is structured around six global sectors and is designed to put Old Mutual into a position from which it can launch further se...