F&C MM team adds Robeco US Premium Equities

F&C's Multi-Manager team has introduced an active US exposure across the F&C Lifestyle and F&C Multi Manager portfolios.

The team have added a 3% allocation to the Robeco US Premium Equities fund in all four Lifestyle portfolios - Cautious, Defensive, Balanced and Growth, trimming their S&P500 ETF positions to fund the purchase. They have mirrored the same trade in the F&C Multi Manager Cautious, F&C Multi Manager Balanced and F&C Multi Manager Growth portfolios with positions of 2%, 4% and 4.5% respectively. Fund manager Paul Carne says: "We have often cited the difficulties US active managers face in delivering consistent performance as the rationale for targeting passive US equity instruments, but ...