Credit Suisse Asset Management has introduced a portfolio management service that has four investment strategies to cater for different investment needs.
The Credit Suisse private portfolio is designed purely for the IFA market as Credit Suisse believe that investors who have tried to make investments without seeking advice have found it more difficult than they first thought
The strategies are income, UK growth plus, income & growth and worldwide growth strategies, and these are aimed at clients seeking income, growth or a combination of the two.
The strategies will invest in up to nine Credit Suisse funds of funds including CS multi-manager European portfolio, CS multi-manager UK growth portfolio and CS multi-manager North American portfolio.
In turn, these funds consist of an actively managed portfolio of Oeics, unit trusts and investment trusts.
The fund selection process is supported by a research team, which looks at a range of factors including stockpicking styles and past performance.
The main advantage of the multi-manager fund of funds approach is diversity. Investors can spread their investments across region, sector and fund management group even if they do not have the experience or time to sift through information on individual funds.
They can also stay with star fund managers if the fund manager moves to another fund management group. However, investors are ultimately relying on Credit Suisse to manage all their money and will need to feel comfortable with the investment choices being made on their behalf.