Fund of Funds

Jupiter Asset Management has launched a Luxembourg-authorised Jupiter Merlin Funds Sicav.

Retail fund of fund sales continued to defy current market movements in Q2 this year, climbing 67% on the previous quarter.

PSigma Investment Management (PIM) is set to launch a Balanced Managed fund of funds.

Fund of funds (FoFs) are not ahead of single manager funds in terms of top quartile performance over one year but over seven years they lead in every sector, according to new research.

A new European income fund of funds, to be managed by Sheffield-based Integrity Fund Managers, will launch on 7 July with a high yield remit.

SVM Asset Management will expand its fund of fund range by launching new Cautious Managed and Balanced Managed offerings on 15 May.

Net retail sales in UK fund of funds fell sharply to £1.6bn last year, well down on the £3bn recorded in 2006 - the latest IMA statistics reveal.

Scottish Widows Investment Partnership (SWIP) has made its first foray into the fund of funds market with the launch of the Multi-Manager Diversity and Multi-Manager Select Boutiques funds.

Providers are set to broadcast the benefits of multi-manager products at a series of roadshows in September.

Specialist funds were the most popular form of retail investment in 2006, as the dominance of property funds accounted for almost a quarter of the Oeic market.