View more on these topics

No place like home for Credit Suisse

Credit Suisse Asset Management has introduced a fund of funds that invests in the UK and overseas.

The CS multi-manager UK strategic growth portfolio aims for capital growth and income by investing in a portfolio of funds from Credit Suisse and external managers like Deutsche, Fidelity, HSBC and Edinburgh Fund Managers.

Between 25 and 75 per cent of the portfolio will go into funds with a UK bias and the remainder will be invested in funds that invest in other areas, including the US, Europe and Asia. This gives the multi-manager team — Robert Burdett, Gary Potter and Kelly Prior — the freedom to vary the geographical weightings if stockmarket conditions change, while still maintaining a UK bias.

The fund of funds is designed for investors who are looking for international diversification, but who may want a high proportion of UK exposure to reduce currency risk. As a fund of funds, it allows investors to move their money around if a fund&#39s performance goes downhill or a star fund manager goes to another company.

Investors with Isas and Peps may also find this fund useful to consolidate their investments. However, their money is ultimately being managed by one company which compromises on diversity to some degree.

Recommended

L&G sees 30% rise in sales

Legal & General achieved a 30 per cent rise in life and pension sales in the first half of this year to £266m from £205m in equivalent premium income. The life office says it is planning more partnerships similar to its Barclays, Woolwich and Alliance & Leicester tie-ups. Individual pension sales were up by 15 […]

Julian Gibbs

I am a great fan of Future Value Consultants, the independent organisation which evaluates stockmarket-linked plans. The average rating of over 100 plans analysed is only 5.7 out of 10 but the new GE Life high income & growth plan VI is an exception. It scores eight out of 10 for higher-rate taxpayers and seven […]

CML warns repossessions may rise

The number of borrowers with mortgage arrears and having property repossessed has fallen this year, according to the Council of Mortgage Lenders. The CML welcomes the news but it fears uncertain economic prospects mean the numbers could rise. Lenders took 10,460 properties into possession during the first half of the year – 1.5 per cent […]

IFAs rocked by claims they lack investment knowledge

IFAs have been accused of lacking investment knowledge and of spending more time choosing between different providers than on investment strategy in Sandler&#39s wide-ranging review. Sandler says IFAs are more versed in areas such as tax planning than they are in understanding the often complicated nature of investment savings vehicles. He also believes they often […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com