Multi-Asset

Schroders multi-manager Andrew Yeadon has pared back exposure to higher risk assets across his three portfolios, believing the global recovery will be more stunted than previously anticipated.

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.