What is the product Fund of Funds – also known as Multi-Manager Funds or Packaged Funds?
Today investors have a huge array of funds from which to select and this choice is not getting any easier. At the beginning of 1995 there were less than 1,600 funds available in the UK and now there are over 2,000 funds with even more on the horizon. Further, with the increased popularity of offshore investing, there is now over 1300 offshore funds which are recognised by the Financial Services Authority (FSA) and are also available to UK investors. Even if a fund choice can be made fund manager resignations are becoming more common and can mean long-term investors find themselves in the care of a steady stream of temporary fund managers or incur unnecessary costs by following the manager to his/her new fund. With this broad fund range, high manager turnover and asset management group changes, the task of choosing the right fund is far from simple. Contrary to popular belief fund selection is not just selecting the fund that has recently performed well, with the FSA regularly reminding
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- What is the product Fund of Funds - also known as Multi-Manager Funds or Packaged Funds?
