Fidelity International's Trevor Greetham has cut exposure to equities and commodities in his multi-asset funds in anticipation of greater buying opportunities later in the year and in 2011.
The Investec Multi-Asset Protector fund's protected floor has hit its initial launch NAV after climbing over 25% since inception.
Towergate Financial has launched its active multi-asset portfolios (MAPs), to be managed by Cazenove Capital.