Multi manager

Jupiter: Mifid II cost criticism lacks weight

Head of strategy for the Jupiter Independent Funds Team John Chatfeild-Roberts looks at how Mifid II has hit multi-manager funds following Money Marketing’s reporting on the true costs of the funds. Mifid II provides investors with greater clarity of charges. However, appreciating the difference between value and price is fundamental; of course price is important but […]

Peeling back the layers: The Mifid II effect on fund of fund fees

Firms that offer multi-manager funds have defended their strategies following mounting pressure on the industry in light of new cost disclosure rules. Concerns exist that multi-manager funds, which are by nature more expensive than single strategy funds, would have even higher costs when transaction fees are put under the spotlight.Money Marketing has analysed some of […]

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IA calls for ‘urgent’ review of Key Information Documents

The Investment Association has called for an “urgent” review new Key Information Documents issued to investors. Since January 1, Priips legislation has meant advisers now have to publish a stand-alone, standardised KID to their client including performance scenarios, risks, and the total cost of products. Yesterday, however, the FCA gave advisers licence to go further […]

Jupiter Merlin portfolios hit by £223m outflows

Jupiter Fund Management’s £7.5bn multi-manager range, Merlin, suffered £223.8m net outflows in Q4, according to data from Morningstar, in the face of increasing competition and a spotlight on fees. Money Marketing sourced data from Morningstar on the Merlin portfolios following a trading update from Jupiter this week, which revealed the range continues to be one […]