View more on these topics

Schroders multi mix

Schroders has teamed up with fund research and ratings agency Standard & Poor&#39s to offer two Ucits III compliant multi-manager funds.

The Schroder S&P high alpha fund is an aggressively managed fund which can invest up to 10 per cent in alternative investments such as hedge funds, private equity and property. It aims to outperform the Lipper Active Managed sector by 3 per cent a year after charges.

The fund will invest in between 12 and 15 funds. These funds will be identified as the best in the market following a lengthy research process which combines the skills of Standard & Poor&#39s with Schroders&#39 in-house researchers.

S&P research is widely available to other investment houses but an exclusive agreement with Schroders means S&P will provide a service over and above the usual services. This will involve researching funds specifically for the Schroders fund.

S&P&#39s recommendations will form a shortlist which will be reviewed by Schroders, along with funds that do not make S&P&#39s shortlist. To manage risk in the portfolio, Schroders will rely on computer software called Prism, which allows the multi-manager team to see what would happen if the fund weightings were altered.

This fund has a relatively concentrated portfolio for a multi-manager fund and while this means there is less chance of returns being diluted by the inclusion of too many funds, the drawback is that there is less diversity. The performance of every fund will matter and while underperforming funds can simply be replaced, it is important to find a replacement which will not upset the balance of the portfolio.

The fund&#39s ability to offer mixed asset classes under Ucits III means a small part of the portfolio will go into alternative investments such as property, private equity and hedge funds. This will provide greater diversity but the challenge will be to keep investors informed on what they are investing in without making it too complicated to understand.


Zurich bond shares choice with investors

Zurich is offering investors another chance to invest in a capital-protected bond that is linked to the FTSE 100 and Halifax House Price indices for five years and six months. The select guaranteed account issue 2 is available to those with between £2,500 and £250,000. Investors decide whether they to link their capital to the […]

&#39Nationwide calls halt on new direct broker deals&#39

Purely Mortgages chief executive Mark Chilton says Nationwide has told him it will not be taking on any more new direct intermediaries as it prepares for M-Day despite being in talks with them since June. The move would effectively stop smaller brokers from being able to pass any business with Nationwide and cuts out intermediaries […]

David Aaron

I t is a long way from the heady days of the mid to late 1990s when David Aaron was one of the most sought after, successful financial advisers in the country. Last week, the FSA handed David M Aaron (Personal Financial Planners) Ltd a life ban for the widespread misselling of structured products – […]

Prudential – PruFund Investment Plan

Type: Smoothed unitised investment bond Aim: Growth and income by investing in a choice of two smoothed managed funds Minimum investment: Lump sum £5,000 Fund links: PruFund growth fund, PruFund growth and income fund Charges: Regular income option &#45 establishment charge 0.45% a year for first five years, annual 1.5% until year 10, thereafter 1%, […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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