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Winterthur gets set to widen its Elite range of funds for 2005

Winterthur multi-manager is planning to extend its range of Elite funds in the new year.

The provider is working on the development of new multi-manager products on the back of the demand it claims IFAs are showing for the balanced managed fund.

The Elite managed funds were launched for those clients and advisers who specifically wanted to remove fund selection and asset allocation decisions.

Wintherthur says that it is seeing new and old money coming into the equity market as IFAs farm new opportunities through their existing book of business. It believes funds with the specific objective of outperforming the sector average are the ones that advisers are becoming interested in.

Sales director David Thompson says: “IFAs are selecting fund of funds because they recognise that their core skills are based around financial strategy and planning, selecting products, and tax, estate and trust issues.”

Investment distribution manager Bernard Henshall says: “Now we have a proven track record of success and are realising the appetite for funds, we are looking at extending the Elite range even further.”

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