Downing Fund Managers has a launched a range of multi-asset funds of funds for Simon Evan-Cook, who will lead the management of the products.
The VT Downing Fox Fund range comprises of four funds of funds with differing fixed levels of equity exposure. Downing poaches Paget from Liontrust to join Simon Evan-Cook The exposure options are 100%, 80%, 60%, or 40% of long-only equities, while the funds hold a global remit, the company said. The non-equity component comprises a mix of developed-market cash and government bonds. Evan-Cook explained the Fox fund range's funds with non-equity holdings "can have significant exposure to cash if we believe is the best defensive option", as he noted such a position was a "huge adv...
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