View more on these topics

Collins Stewart’s total return fund sparks interest by multi-managers

Collins Stewart says a total return bond fund built around demand from private clients is also proving popular with multi-managers.

The total return fund that was launched last week has seen interest from multi-managers looking to build an element of stability into their portfolios, claims the fund manager.

Collins Stewart Asset Management chief investment officer Jim Goodey says fund of funds and manager of manager fund managers have shown interest in the fund because of the steady absolute returns beating cash that the fund could achieve over the mid to long term.

The fund will have a sterling currency base and is an open ended Dublin-based Ucits III fund that will be able to make use of derivatives where necessary.

Up to 50 per cent will be invested in non-sterling issues and 30 per cent in corporate bonds, depending on the deals available.

The annual management fee is 0.75 per cent plus a performance fee of 20 per cent.

Fixed-income specialist Goodey has moved back to London from Jersey to manage the fund with Mark Despres. Despres’ main responsibility will be for risk monitoring and the management of the fund, which will be capped at 100m.

Goodey says the cap is being set so the fund can remain liquid and achieve the best returns by being able to buy up well-priced corporate funds when they become available.

He says: “There has been a great deal of interest from multi-managers looking to remove some of the risk on other funds. We always thought that it would prove attractive. Our clients told us that they wanted something that would make their cash work a little bit harder for them without a great deal of risk. It is clear that that is attractive to multi-managers too.”


Fidelity hopes for Indian summer

FIDELITY INVESTMENTS Fidelity Funds India Focus Fund Type: Sicav Aim: Growth by investing in Indian companies and companies deriving their income from India Minimum investment: Lump sum £1,000, monthly £50 Investment split: 100% in Indian companies and companies deriving their income from India Place of registration: Luxemburg Charges:Initial 3.5%, annual 1.5% Commission: Initial 3%, renewal […]

Protection Edge: Peter Chadborn

With the protection landscape evolving at an ever-increasing pace, the latest two providers to enter the arena are Axa and Royal Liver. An out-of-date protection product range has led to a new proposition from Axa which is anticipated at the end of November.

Game, asset and match

My financial adviser has told me that asset allocation is more important than fund selection when investing capital. What does he mean by this and is he right?


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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