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Capital idea from Credit Suisse

Credit Suisse Asset Management has introduced a fund of funds which invests in the UK and overseas.

The CS multi-manager UK strategic growth portfolio aims for capital growth and income by investing in a portfolio of funds from Credit Suisse and external managers such as Deutsche, Fidelity, HSBC and Edinburgh Fund Managers.

Between 25 and 75 per cent of the portfolio will go into funds with a UK bias and the remainder will be invested in funds which invest in other areas, including the US, Europe and Asia.

This gives the multi-manager team – Robert Burdett, Gary Potter and Kelly Prior – the freedom to vary the geographical weightings if stockmarket conditions change while still maintaining a UK bias.

The fund of funds is designed for investors who are looking for international diversification but who may want a high proportion of UK exposure to reduce currency risk. As a fund of funds, it allows investors to move their money around if a fund&#39s performance takes a downturn or a star fund manager moves to another company.

Investors with Isas and Peps may also find this fund useful to consolidate their investments. However, their money is ultimately being managed by one company which, to some degree, compromises on diversity.


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NIB International – NIBI Optimum Return Fund

Wednesday, 3 October 2001.Type: Oeic.Aim: Growth by investing in fund of hedge funds.Minimum investment: Lump sum $25,000.Place of registration: Isle of Man.Investment split: 100 per cent fund of hedge funds.Isa link: No.Charges: Initial 5 per cent, annual 1.75 per cent.Commission: Subject to negotiation.Tel: 01624 630373.


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