City Asset Management's five weird and wonderful investments

James Calder, research director at City Asset Management, has revealed the top five niche investments he holds in his portfolios.

Although many multi-manager prefer to steer clear of investment trusts, structured products and smaller, unknown fund, Calder (pictured) sees a place in the portfolios for these alternative vehicles. Below, he lists his five favourite weird and wonderful investment ideas. Freehold Income Authorised fund The is an open-ended fund investing in ground rents, run by Time Investments. It was previously called the Freehold Income trust, but was converted into a Property Authorised Investment Fund (PAIF) in April, ahead of the ban on promoting UCIS vehicles to retail investors. The fun...