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Selestia urges caution in investment guide

Multi fund manager platform Selestia is urging IFAs to adopt a more rigorous approach to investing their clients&#39 money in a new guide published today.

The booklet, Guide to Making Investments Manageable, says concentrating on single specialist funds can lead to unnecessarily high risks for investors.

Selestia marketing manager Bill Vasilieff says: “As was only too painfully demonstrated during the recent technology boom, funds within a single sector tend to move together.”

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