View more on these topics

T.Bailey goes for the right Way to Invest

The Way Group

Way MA Growth Portfolio

Type: Oeic fund of funds

Aim: Growth by investing in a portfolio of exchange traded funds, structured products, investment trusts, investment funds, cash and other assets

Minimum investment: Lump sum £5,000, monthly £100

Investment split: 27.58% US equity, 15.35% UK equity, 14.74% emerging markets equity, 11.75% Europe ex UK equity, 5.73% Japan equity, 10.31% Asia ex Japan equity, 2.78% cash, 11.76% other assets

Isa link: Yes

Pep transfers: Yes

Charges: Initial 5%, annual 1.45%

Commission: Initial 3%, renewal 0.5%

Tel: 01202 890895

The Way Group has appointed T.Bailey fund manager Jason Britton to run the Way MA growth portfolio, its first fund in a range of multi-asset portfolios. The new fund complements the more traditional funds managed for Way by multi-manager specialist IMS. As with all the Way growth funds, it will be managed on a nil yield basis to suit Way’s range of trust-based IHT mitigation plans.

Chris Leach and Associates IFA and managing director Chris Leach says: “The Way Group has for some time offered a suite of innovative investment solutions which I have used for many of my clients, including a scheme that provides a regular income through the use of the annual capital gains tax exemptions and several inheritance tax mitigation schemes.

“The T Bailey Growth fund, on which the Way MA growth portfolio is based, has produced excellent consistent returns. Putting the two together is a marriage made in heaven.”

Leach can find no potential drawbacks to the fund. “The combination of the Way MA growth portfolio fund and WAY’s innovative investment schemes make this unique, so I do not see much in the way of competition,” she says.

Summing up Leach says: “I am enthusiastic about this fund because it combines the best of the Way’s innovative investment solutions with first class fund management. Previously one was limited by only having the IMS funds available within the Way schemes.”
She concludes that she would rate the fund alone seven out of 10, but when combined with Way’s products, this takes her final score to 9.

BROKER RATINGS

Suitability to market: Good
Investment strategy: Good
Charges: Average
Adviser remuneration: Average

Overall 9/10

Recommended

Ward calls for coordinated action by BoE and DMO

New Star chief economist Simon Ward has called for coordinated action by the Bank of England and Debt Management Office to extend up to £40bn of longer-term funding to banks to finance mortgage lending.Ward says there needs to be a further shift in the Bank’s market operations towards longer term lending. He also suggests widening […]

The Hunt is on

Lord Hunt’s review into the Financial Ombudsman service has ruffled more than a few feathers on both sides of the divide. While many have applauded individual recommendations, much of the feedback coming from industry bodies and adviser firms is that the review failed to live up to expectations. Perhaps the biggest disappointment for advisers was […]

The mean season

It was a decent headline grabber at the time. Mike Webb, the former head of retail at Invesco Perpetual, proclaimed: “We could lose a generation of investors.”

Sticking to valuation discipline when investing in China

Journalist Alexis Xydias discusses the opportunities – and potential pitfalls – of investing in China with Artemis fund manager Peter Saacke. With Peter holding significant positions in China in the Artemis funds he manages, journalist Alexis Xydias quizzes Peter on the risks of investing in Chinese stocks – including over-valuations, margin trading and financial reporting issues. Click here for video

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment