Christows takes advantage of FSA remit with the launch of three mixed portfolios

Stockbroking firm Christows is to launch three mixed funds, becoming one of the first UK groups to t...

Stockbroking firm Christows is to launch three mixed funds, becoming one of the first UK groups to take advantage of the broad remit portfolio which the FSA introduced last year. The objective of the three planned sub-Oeic funds, is to have 60%-80% exposure to exchange traded funds (ETFs). Because they are mixed funds they can also hold other asset classes such as ordinary shares, investment trusts, conventional managed funds, bonds and cash. The group does not intend to have much exposure to managed funds or investment trusts. The three offerings, Christows Worldwide Growth, Managed ...