This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+cover+small+241014
Categories:Investments

Eden shifts global fund to cautious sector

  • Print
  • Comment

Eden Financial has moved its £66.6m CF Eden global multi-strategy fund from the balanced to the cautious sector.

In September,Money Marketing revealed that Harris was joining Eden to manage the fund alongside Chris Jaques.

The risk reduction has been achieved through diversification in the fund’s fixed-income holdings, raising cash from 10 per cent to around 17 per cent, and a cut in European and emerging market equity exposure.

Harris says: “We took a bit of equity risk off in Europe. We sold Neptune European opportunities, which was just over 2 per cent of the fund. We also cut emerging market equity exposure.”

Quainton Hills Financial Planning director Gordon Bowden says: “I do not think more investors will go for cautious funds in light of volatility because their overall risk profiles have not changed.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you think Citizens Advice is capable of delivering a good at-retirement guidance service?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments