T. Bailey plans passive multi-manager fund launch

14 December 2009 9:42 am | By Chris Salih

The fund of funds will only hold passive offerings but will be actively managed by T. Bailey and is expected to have one of the lowest TERs for a Fofs in its sector.

The multi-manager team expects to launch the product early next year.

T. Bailey’s head of marketing and communications Philippa Gee says: “We have long been concerned at the risks many fans of trackers are taking – too many invest in a FTSE 100 tracker simply because it is cheap. They are missing out on the growth opportunities in emerging markets and other regions.”

“It’s a pioneering, RDR-friendly fund. It will offer active overlay and passive underlay – providing a cost-effective solution for those IFAs who favour passive investing but recognise the need for active asset allocation.”

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