View more on these topics

Suisse set for multi-asset growth fund

Credit Suisse is looking to add to its multi-manager range with the launch of a multi-asset growth fund, Money Marketing understands.

It is understood the growth fund, which will come to market in June subject to FSA approval, is leveraged off a private client offering and will be placed in a wrapper to operate in the retail sector.

The growth fund will have 20 to 30 underlying holdings, with investments placed in three silos.

Core balanced will cover 50 per cent of the fund and will largely comprise traditional equity and fixed income offerings while 30 per cent in satellite holdings around this will invest in more alternative products, a number of which will have some downside protection.

A tactical overlay of 20 per cent is designed to offer more dynamism, with the managers able to double their current holding in areas or place the 20 per cent in cash.

Credit Suisse launched a distribution fund in July 2007, marking the first addition to the range since new co-heads of multi-manager Graham Duce and Aidan Kearney took over the £1bn range in April 2007.

Unlike the distribution fund, the growth offering will not have a constraint of achieving an indicative yield of 5 per cent a year.

It is also understood that Credit Suisse has plans to merge its £10m incubator fund into the multi-asset growth fund following a slowing in demand for the vehicle since its launch in July 2005.

Credit Suisse says: “We have a proposal with the FSA with regard to the development of a new Credit Suisse multi-manager fund, however, we are not in a position to confirm details.”


Earning curve

Flicking through the financial pages of the newspapers, I can’t help but feel thoroughly confused on the outlook for the US and UK economies.

McCarthy confident on small societies

FSA chairman Callum McCarthy told the Treasury select committee this week that he is “very confident” that small societies will indirectly benefit from the Bank of England’s £50bn liquidity injection.

Indian market rallies as Modi's popularity strengthens

Kunal Desai, manager of the Neptune India Fund, comments on the implications of the BJP’s historic election win in India’s most populous state, Uttar Pradesh. Read the full article here Important Information – for investment professionals only. Not for retail clients.  Investment risks  The Neptune India Fund may have a high volatility rating and past […]


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