Close to expand Discretionary range with two suite launches later this year

Close Asset Management is rolling out two new suites of funds within its Close Discretionary fund range.

The Close Discretionary Multi-Manager funds and the Close Discretionary Passive funds are set to come to market in autumn. Launched last September, the existing discretionary multi-asset funds sit within a Ucits III unit trust umbrella. The sub funds comprise Bond Income, Conservative, Balanced, Growth and Dynamic portfolios. These funds can invest in global equities, fixed income, sovereign debt, structured products, warrants, collective investment schemes, deposits and derivatives, with different weightings according to each fund’s risk profile. The new multi-manager and track...