F&C adds Nevsky fund to MM portfolios

F&C has added Nevsky Global Emerging Markets to its Lifestyle Growth portfolio and multi-manager Growth and Balanced funds.

Dean Cheeseman, head of retail multi-management at F&C, says the team took the decision to add the Nevsky fund to increase exposure to ‘increasingly important investment markets'. "We added the fund to Lifestyle Growth to complement our existing position in Aberdeen Emerging Markets," says Cheeseman. "Given the neutral asset allocation to global emerging markets is 10%, we feel holding two complementary funds to obtain this exposure helps offer greater diversification." Cheeseman says in terms of multi-manager Growth and multi-manager Balanced, the inclusion of this fund provides s...