The Pyrford Global Total Return fund has reduced its allocation to equities to 30%, the lowest in the history of the strategy, as manager Tony Cousins says the asset class is "extraordinarily expensive".
The £2.5bn fund has been running for institutional investors for over 20 years and was made available for retail investors two years ago. Pyrford is an affiliate of Bank of Montreal, which acquired...
Had targeted a £200m IPO
Fund manager poll by the AIC
Partner Insight: Ross Teverson, Head of Strategy, Emerging Markets at Jupiter Asset Management, provides an insight into the Jupiter Global Emerging Markets Fund philosophy, which is centred on identifying companies experiencing 'positive change' in emerging...
Ongoing charge of 0.99%
Marsh to begin working on Income fund in February 2018