Which credit fund was most popular with multi-managers amid Brexit volatility?

Cash weightings increased in portfolios

Laura Dew
clock • 2 min read

GAM Star Credit Opportunities was the most popular fund among UK discretionary and multi-managers in June, while property funds saw the biggest outflows, according to Harrington Cooper.

The £341m offshore GAM Star Credit Opportunities fund, managed by Anthony Smouha (pictured), was the most commonly held fund during June, despite having not featured among the popular funds at all in the previous month. The firm surveyed the key asset allocation decisions made during June, the month of the Brexit referendum, by 32 multi-manager funds and model portfolios, which together are responsible for £10.8bn in assets. Other funds featured in the list of most commonly held vehicles were BlackRock European Dynamic, Henderson Strategic Bond and Polar Capital Global Insurance. T...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Multi-asset

Multi-asset teams sentiment indicator: Positive view on UK equities on 12-month view

Multi-asset teams sentiment indicator: Positive view on UK equities on 12-month view

Negative on US equities

Paul Ilott
clock 12 March 2024 • 5 min read
Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Offshore vehicle since August 2018

clock 21 February 2024 • 1 min read
MPS Watchlist: Helping advisers navigate the sector

MPS Watchlist: Helping advisers navigate the sector

Impact of Consumer Duty

Professional Adviser
clock 07 February 2024 • 1 min read
Trustpilot