Research and investment management company Forsyth Partners has added to its range of funds with the introduction of the Forsyth sterling global balanced fund.
Aimed at cautious investors, the fund is a Dublin-based SICAV fund of funds that will benchmark the FTSE private investor balanced portfolio index.
The fund is designed for long-term growth by investing in a wide range of areas. Fifty-five per cent will be invested in the UK, 25 per cent in international equities, 20 per cent in bonds and 5 per cent in cash. The total number of funds that the product will invest in will be between 12 and 15 and includes funds like HSBC UK equity, Mercury OST UK, Lazard UK equity, Henderson Horizon Japanese, Newton UG continental Europe, Franklin US equity and the Schroder US smaller companies fund.
It will be managed by Rossen Djounov, with the assistance of Peter Toogood and a team of 12 analysts. Djounov has been managing funds such as the Forsyth global equity, global balanced, global thematic and global emerging markets funds since 1995.
According to Standard & Poors the Forsyth global balanced fund is ranked 42 out of 140 funds, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to July 7, 2001.