T. Bailey to launch second cautious managed fund

T. Bailey is preparing to launch a multi-asset cautious managed fund for Elliot Farley at the end of July.

The T. Bailey Defensive Cautious Managed fund will aim to outperform the IMA Cautious Managed sector with a lower level of volatility than the sector average. The fund will invest across a range of assets including UK and global corporate bonds, gilts, property, infrastructure, commodities, global and emerging market equities and cash. Farley says: "The changes to CGT in the budget mean long-term investors are increasingly looking to fund of funds, where there is the advantage of being able to rebalance portfolios within the fund without triggering potential chargeable taxation events...