Chelsea launches four-strong managed funds range for McDermott and team

With an AMC of 0.3%

Chelsea Financial Services has launched a range of four managed funds to be run by the firm's four-strong fund research team, led by Darius McDermott.

The range of four VT Chelsea Managed funds - cautious, balanced and aggressive growth, plus a monthly income option - will launch at £1 per unit during a fixed offer period from 22 May to 5 June. Global funds revealed as worst performers in Chelsea's RedZone McDermott, managing director, commented: "For nearly two decades, clients have relied upon our research and fund selection expertise, but many have said they want us to do it for them. "So we have created this range of managed funds, each with a different client profile and investing in different markets and assets via funds, i...