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