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...
More launches planned for 2019
Assessing the impact of the vote
Annual Mansion House speech
Knockout contest by measuring each country's growth forecast
Added to MSCI Emerging Markets index