View more on these topics

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.

Recommended

&#39Employers should advise staff&#39- KPMG

Accountancy firm KPMG is calling for the relaxation of rules for employers offering financial advice to staff. It believes technology tools would help choose financial products.It is also asking for incentives to encourage employers and staff to take up stakeholder pension schemes.

Only 19% of firms offer a stakeholder scheme

Only 19 per cent of companies offer a stakeholder scheme but 86 per cent believe the Government will make employer contributions compulsory, according to research by Momentum.Findings in the study exclusive to Money Marketing of over 500 companies with between 50 and 250 employees reveal only 19 per cent say they fully understand the stakeholder […]

Big two vie for stakeholder top slot

Norwich Union and Standard Life are head to head in the battle for winning stakeholder market share, controlling nearly half of IFA stakeholder business.NU says it has more than 25 per cent of the stakeholder pension market through IFAs, with Standard saying it has more than 20 per cent, meaning that the top two companies […]

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.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment