T.Bailey is capping the TER of its new passive international equity fund at 0.99% for the leading unit class.
Growth fund LITE will invest globally in ETFs and trackers and mirror the asset allocation of the group's actively managed vehicle. The asset allocation at launch will be: UK 25%, US 25%, emerging markets 17.5%, Europe ex UK 15%, Japan 7.5% and Pacific Basin ex Japan 10%. Chief investment officer Jason Britton and Elliot Farley will manage the new vehicle in addition to their mandate on the £160m Growth fund, the template for the new passive offering. It has delivered top quartile performance since its launch 10 years ago, according to Lipper. "Passive investing is more complex tha...
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