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Forsyth doubles up on fund of funds

Forsyth Partners has added the Forsyth European bond fund and the Forsyth United Kingdom funds to its Dublin-listed Oeic range.

Both funds aim for growth and are managed on a fund of funds basis. The Forsyth United Kingdom fund invests in open-ended investment funds that in turn invest in UK equities. The fund can also invest in debt securities if this is seen as an appropriate strategy to take.

The Forsyth European bond fund invests in open-ended investment funds that invest mainly in European fixed-income securities including government debt, corporate bonds and convertibles. These may include both investment-grade and non-investment grade securities.

When selecting the underlying funds for both Forsyth funds, the investment team combines a top-down approach with bottom-up fund selection. They will initially look at global economic trends to understand how the equity and fixed-income markets are working throughout the economic cycle.

On the bottom-up side of portfolio construction, Forsyth draws on primary research such as fund manager interviews and secondary sources such as past performance. The investment team look at how each fund is managed and take into account how the portfolios will shift as economic conditions change when deciding how to blend the funds together. They will look at the strengths and weaknesses of each fund and how long the fund manager has been at the helm.

These funds could be useful for advisers and clients who want to build their portfolios using separate funds for different asset classes and regions. The fund of funds approach offers more diversification than doing this through conventional funds which rely on a single fund management group.

However, most investment houses offer similar funds so these funds are likely to face heavy competition from names that investors may be more familiar with.


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