View more on these topics

Christows on to a winner

CHRISTOWS INVESTMENT FUNDS

Managed Growth Fund

Type: Oeic fund of funds

Aim: Growth by investing in exchange traded funds, investment funds
and quoted securities in the UK and overseas

Minimum investment: Lump sum £1,000, monthly £50

Investment split: 100% exchange traded funds, investment funds and
quoted securities

Isa link: Yes

Pep transfers: Yes

Charges: Initial 5%, annual 1.9%

Commission: Initial 3%, renewal 0.5%

Tel: 08000 353 200

The Christows managed growth fund is a fund of funds that is
designed to outperform the FTSE All Share Index by investing mainly
in exchange traded funds (ETFs).

Looking at the managed growth fund alongside the two other funds in
this range, Barry Laymond Financial Services senior practitioner
Barry Laymond says: “These funds are the first to be approved under
the European legislation Ucits 3, where funds are categorised as
flexible investment funds. It is expected that all new funds and
existing funds will apply for re-approval in due course.”

He thinks this product is good for clients, as there is flexibility of
investment, with the ability to hold cash so the management team
does not have their arms tied within normal fund constraints.
Laymond explains: “Some funds, by their construction, have to stay
fully invested which may not be in the client&#39s best interests.”

Laymond compliments Christows on its &#39excellent brochure&#39 and
says: “I cannot be critical as Christows appears to have made sure
nothing adverse exists.”

Considering which funds are likely to provide the main competition,
Laymond concludes: “This product is unique and there are no direct
competitors. The nearest would be to compare the managed growth
fund to the active managed sector.”

BROKER RATINGS:

Suitability to market: Good

Investment strategy: Good

Charges: Good

Adviser remuneration: Good

Overall 9/10

Recommended

Schroders sail and hearty

Schroders is supporting the Ellen MacArthur Trust, a charity that takes children recovering from cancer on summer sailing trips to the Isle of Wight.This summer will mark the second year that Ellen, who in 2001 at the age of 25 became the fastest woman to sail around the world, has taken a group of recovering […]

Watchdog warning that FOS decisions will set precedent

The industry must accept the inevitability that some decisions made by the Financial Ombudsman Service will become precedents, says chief ombudsman Walter Merricks.Speaking to Money Marketing, Merricks says it is contradictory for the industry to complain that the ombudsman is setting a precedent through its decisions and, on the other, accuse it of being subjective.He […]

Pignatelli leaving Schroders

Schroders head of European equities Mark Pignatelli is to leave the group by mutual consent after less than six months in the role. Pignatelli, who leaves in April, had been Schroders&#39 chief investment officer until last September, when he was moved to the European desk. He did not run any funds. Head of global equities […]

Bagger set to have a bonfire with forms

Carpetbagger David Stone-banks has been stonewalled again by Standard Life after being told that his proposal to vote on demutualisation will be invalid if the company decides to recommend such a move to members itself.Stonebanks has had an email from company sec-retary Marcia Campbell spelling out the fact that Standard has initiated a strategic review, […]

Frexit & contagion risk in Europe

Many commentators have suggested the UK’s exit from the European Union will trigger a domino effect, leading to its eventual break-up. Neptune Head of European Equities Rob Burnett discusses the likelihood of this happening. Click here to read more Important informationInvestment risks Neptune funds may have a high historic volatility rating and past performance is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com