F&C's multi-manager team has added L&G Managed Monthly Income to the bond portion of its Lifestyle Defensive portfolio.
The move follows the team's decision to diversify its corporate bond exposure towards the end of 2009. Head of retail multi-manager Dean Cheeseman says: "Fund manager Richard Hodges operates the fund in a relatively conservative manner and we consider it an ideal core fixed income holding, particularly its focus on high quality investment grade bonds in addition to some government bonds. As a result, we hold just over 4% of our portfolio in it." The F&C Lifestyle funds are actively managed by the firm's multi-manager team based around third party risk-profiling tool Dynamic Planner, w...
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