Threadneedle is to alter its managed funds' investment policy by allowing managers to make more defensive plays and invest more heavily in its long/short offerings.
As of 1 October, the firm's six fettered funds will be able to invest up to 20% of their portfolios in Threadneedle funds that use derivatives for investment purposes. Threadneedle said the changes will give managers greater flexibility, for example allowing them to turn more defensive in cautious markets by making larger allocations to its absolute return funds. Threadneedle's range of fettered funds includes a trio of offerings managed by Alex Lyle (pictured) and CIO Mark Burgess: the £865m Equity & Bond, £632m Global Equity & Bond and £232m Global Equity funds. The range also fe...
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