Chatfeild-Roberts adds Leaviss' M&G Macro fund to Merlin portfolios

Jupiter's Merlin multi-manager team have added Jim Leaviss' M&G Global Macro Bond fund to their Merlin range as they adjust the portfolios over the summer period.

The changes, made in August, come despite what the team described as allocation moves made “at the margin” of their five-fund range. Those moves incorporate an increased exposure to the UK and US at the expense of emerging market equities, the team said. In terms of underlying funds, Chatfeild-Roberts (pictured) and co-managers Peter Lawery and Algy Smith-Maxwell have bought the £1.2bn M&G Global Macro Bond fund, managed by Jim Leaviss, for their £4.8bn Income and £1.6bn Balanced portfolios. Elsewhere, they have added the Invesco Powershares Buyback Achievers portfolio to their £81...