MAM renames Gray's Arcturus fund

MAM Funds has renamed Martin Gray and James Sullivan's CF Miton Arcturus fund and is preparing to move it into the IMA's Absolute Return sector.

On 18 June the fund will move from the IMA Mixed Investment 20% - 60% Shares sector to the Absolute Return peer group. It will be renamed the CF Miton Total Return fund in September, subject to approval.  MAM said the fund aims to deliver absolute returns on an annual basis throughout all market conditions and cycles, so is better suited to the Absolute Return sector, which did not exist when the portfolio was launched in 2008. The IMA is consulting members with a view to overhauling the Absolute Return sector, and MAM said it will review the fund’s membership of the sector in lig...