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Highest inflows for L&C portfolios

Discretionary fund manager London & Capital experienced the highest monthly inflow of assets in to its managed portfolios last month.

The firm is not releasing figures until its assets under management reach a certain level but says it is close to this target.

It believes it is attracting investors who have been sitting on the sidelines in the last six months due to market turbulence.

L&C says during these six months, it focused on de-risking portfolios and protecting the portfolios from volatility. This has enabled investors and their advisers to see that the portfolios are doing what they are meant to do.

Its model portfolio 10, which is the portfolio most like the FTSE 100, outperformed the index in January while holding 30 per cent in cash.

The portfolio returned 3.45 per cent over the month while the index produced 1.96 per cent. It has since reduced the cash weighting on model portfolio 10 to 20 per cent. It will make further reductions if it sees evidence that ongoing concerns about the eurozone crisis and tensions in Iran, which has caused the oil price to spike, start to subside.

Head of adviser solutions Bruce Ely-Johnston says: “The portfolios are not designed to shoot the lights out because the other side of that is that you could suffer horrendous lows. Advisers can see the benefits of having diversified portfolios, diversity within asset classes and protection from risky assets.”

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