Scottish IFA group, Aitchison & Colegrave has introduced its Global Strategy unit trust to the fund of funds market.
The trust will have an international feel to it, with the inclusion of European and North American funds, but it will be predominately UK based investing in a range of funds from high profile external managers, including M&G, Jupiter, Perpetual and Invesco.
The company believe the trust is suitable to act as a core around which a portfolio can be built, or as a vehicle in which existing unit trust or Pep holdings can be consolidated. This is because its active management style continously analyses the market conditions and responds to any changes.
Based on the past performance of two of its biggest holdings, the trust may be worthy of consideration. According to Standard & Poor's Micropal figures as at October 1, 1998, the Aberdeen Prolific Fixed Interest and the Britannia Higher Yield funds have both enjoyed good performance over the last three years and are ranked 8th out of 58 and 6th out of 85 in their respective sectors. Figures are based on £1,000 invested on a bid-to-bid basis with net income reinvested.