View more on these topics

Swip says cautious funds should look to Ucits III

Scottish Widows Investment Partnership multi-manager sales director Bernard Henshall has criticised poorly-performing cautious managed funds for failing to take advantage of Ucits III.

Henshall says it is hard enough in the present market to produce strong returns without having your hands tied behind your back by restricting exposure to equities and bonds although he says not all cautious managed funds have delivered poor results.

Morningstar figures show that only six out of 129 cautious managed funds have produced a positive return in the first three months of this year.

Henshall says: “Managers can make use of Ucits III  to go into a raft of other assets to diversify and protect investors.”

Rowan & Co Capital Management head of research Tim Cockerill says: ” If I were a manager not using those powers, I would want to take a close look at them.”

Recommended

Gaining useful Insight on income

Insight Investment has launched Insight UK equity income booster, a UK equity income fund that uses derivatives to boost income and reduce volatility.

Gee heads marcoms for T Bailey

Fund of funds specialist T Bailey has recruited Philippa Gee to head its marketing and communications team. Gee was investments director at IFA firm Torquil Clark.

2

Britain's “Forgotten Army”: The collapse in self-employed pension membership – and what to do about it

Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment