View more on these topics

Defaqto on Rathbone’s Multi-Asset Portfolio: Enhanced Growth Fund

View of Defaqto insight analyst for funds Fraser Donaldson

Defaqto insight analyst for funds Fraser Donaldson says: “This fund is the third in a suite of portfolio funds recently launched by Rathbone, each with differing risk profiles. The fund seeks to achieve long term capital growth through investment in a range of asset classes. This exposure is gained via investment in other collective investment schemes. The fund targets a return on average, 2 per cent above a combined benchmark of 70 per cent MSCI World Equity index and 30 per cent MSCI Emerging Markets index.

The fund is managed by David Coombs, who has been with Rathbone since April 2007. He is head of multi-asset investments and is also the lead manager on the strategic growth portfolio and total return portfolio funds.

The fund will follow the same top-down investment process with macroeconomic analysis being used to determine the level of risk in the portfolio and asset allocation will be set by utilising three specific categories; liquidity – cash, sovereign debt and credit, beta – equities, corporate debt and Reits and alternatives.

The use of the composite benchmark shows that the emerging markets region is still an area of interest, and makes the fund truly global. The inclusion of emerging markets is an indication of the manager’s faith in these markets. These economies can be volatile but the fundamentals may be such that they may currently offer better prospects than developed economies that are still struggling to emerge from recession.

The demand for multi-manager funds continues to grow and for advisers that like to use multi-asset, multi-manager funds then this unfettered fund that operates a strict process driven asset allocation may well be worthy of consideration, particularly over a long time horizon.”

Recommended

2

How do we promote the value of advice?

Most firms in the UK are well on the road in planning and implementing change ahead of RDR. Some of the big banks have pulled the plug on their sales teams. IFA firms are making the decision about going restricted or remaining independent. Life companies appear to be readying their direct to consumer propositions. Some […]

1

DWP working group tackles ETV bad practice

The Government is launching a full-scale investigation into enhanced transfer value exercises next month in an effort to stamp out bad practice. Money Marketing understands the Department for Work and Pensions will set up a working group charged with delivering a new framework for ETVs. The pensions industry, Government and The Pensions Regulator will all […]

JPJShare admits ‘schoolboy error’ in Sipp illustration

An online execution-only stockbroking platform that offers a Sipp has removed incorrect information about pension tax relief from its website after questioning from Money Marketing. JPJShare.com displayed information on its Benefits of a Sipp page, which stated that due to income tax relief, a basic rate taxpayer who saves £20,000 into a Sipp will receive […]

FSCS urged to follow suit as PPF cuts levy to £550m

The Pension Protection Fund has cut the levy it charges to insure UK defined-benefit schemes from £600m this year to £550m next year. The decision was announced last week alongside a consultation that set out a series of changes to the way the levy is calculated. The proposed changes include reflecting the investment risks taken […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment