Development of the ‘multi manager' investment concept has presented IFAs with an entry into portfolio management, which both the adviser and client might otherwise not have been able to afford.
Several of the well-known investment houses - Credit Suisse Asset Management, Fidelity, Gartmore, Jupiter and Insight - have been quick to create their own range of multi manager funds because they regard this market as the future of retail investment. That said, there is still mystery surrounding the multi-manager concept and how funds actually work. What is a multi-managed fund? The concept of a multimanager funds bring together a number of specialist managers within the one fund and completes all of the research you would otherwise have to do in the client's interests. Essentially,...
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