Charles Stanley has added passive funds to its Foundation Fundlist of preferred vehicles for the first time, following a shakeup of the firm's research capabilities.
In June, the management of the D2C Foundation portfolios and fund lists transitioned to the London-based collectives research team, headed by Stephen Peters (pictured). Since then, the team has been restructuring the list, cutting the total number of funds from 70 to around 55-60, and adding passive products. These are all tracker funds, as ETFs can be more complex when reinvesting income, the group said. There are currently eight new passive funds in the list (see table, right), picked by specialists who joined the group through the acquisition of Evercore Pan Asset Capital Managemen...
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