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Positive outlook for Insight

Insight is planning a new multi-manager absolute return fund which aims to provide a positive return under all market conditions.

The Insight Investment diversified target return fund is in the Investment Management Association’s cautious managed sector and has the flexibility to invest in equities, fixed interest, cash and floating-rate notes, hedge funds, real estate and structured products.

The long-term objective of the fund is to achieve equity-like returns with a risk profile similar to global bonds and is designed to appeal to low to medium-risk profile investors.

Insight consumer research suggests that people like the idea of managers having flexibility with products in order to manage risk and return.

For the new concept, which Insight describes as a new generation investment solution, it created a model portfolio at the end of 2003 and ran it successfully through 2004.

The fund will not be actively marketed until later this year although as a first phase it has now been approved by the FSA and an investment track record will be built during this period.

Insight anticipates an initial pre-summer campaign with selected intermediaries, followed by a wider roll-out later in the year. The minimum investment will be £5,000 lump sum or £250 per month. Initial charges are 5.25 per cent, with an annual management charge of 1.4 per cent.

Multi-manager managing director Nigel Whittingham says: “We believe this product genuinely represents a new way to invest that is more aligned to the investment attitudes of today’s investor.”

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