View more on these topics

Threadneedle sets up defensive Fofs

Threadneedle is offering two defensive funds of funds in a move which will see the firm&#39s existing managed funds renamed to reflect their higher risk.

The defensive equity & bond fund will invest 25 per cent in equities and 75 per cent in bonds while the defensive bond fund will invest entirely in fixed interest.

Both funds will be managed by head of bond strategy Laurence Mutkin. Initial charges on both funds are 3.75 per cent. Annual charges on both are 0.25 per cent in addition to standard underlying fund charges.

The funds will have the lowest risk of Threadneedle&#39s five actively managed products so it is changing the name of its existing funds to reflect the new funds&#39 position in the range.

Its cautious managed fund will now become the equity and bond fund, the balanced managed fund will become the global equity and bond fund and the adventurous fund will become the global equity fund.

Chief investment officer Sarah Arkle says: “Advisers now have a greater choice of risk-rated funds and can move clients from 100 per cent in equities to 100 per cent in fixed interest, depending on their needs.”

Recommended

Primal instinct

In one of the more unlikely encounters, the Diary has heard about how new business development man at National Australia Bank John Cowan recently took tea and cakes with fellow Glas-wegian and enfant terrible of the pop world Bobbie Gillespie – lead singer of the IFA&#39s favourite band Primal Scream – because John&#39s mother used […]

FSA says two million could make switch to stakeholder

The FSA estimates that two million people with personal pensions should consider transferring to stakeholder.Its paper, To switch or not to switch, that is the question, published last week, sets out the issues that consumers face when considering switching from a personal pension to a stakeholder.The paper also says that those considering switching should seek […]

Zurich life

The headline highlighting the Zurich results, Zurich shifts to general insurance (Money Marketing, September 12) is incorrect.Instead, as the article went on to state, Zurich Financial Services has taken steps to refocus its efforts on core business activities – life and general insurance.Our commitment to the life market remains stronger than ever and 2003 holds […]

Dobell moves in as Pegrum leaves M&G

M&G has appointed Tom Dobell as manager of its British opportunities fund, replacing Neil Pegrum who quit to join Insight Investment at HBOS last week.Following the departure of the high-profile Pegrum to Insight, where he becomes director of UK equities, M&G immediately filled the position internally with Dobell, the manager of its recovery fund.M&G says […]

Key themes for 2017

Capital Market Notes, December 2016 Dave Lafferty, chief market strategist at Natixis Global Asset Management, assesses the accuracy of his 2016 outlook and provides his thoughts and outlook for 2017. Click here to read the full article

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment