WAY LAUNCHES NEW MA GROWTH PORTFOLIO

BULLISH WAY GROUP HAS SPRING IN ITS STEP WITH LAUNCH OF DYNAMIC MIXED ASSET FUND RANGE ...

- Launch of new fund range kicks off with tie up between WAY Group and T. Bailey;

- Growth fund first in new Mixed Asset roll out;

- Range focussed on unfettered, conviction approach; and

- Major change of direction for WAY Investment philosophy.

FUND manager The WAY Group today announces the launch of a brand new fund of funds, the WAY MA Growth Portfolio. Managed by boutique fund of funds specialist, the Nottingham-based T. Bailey Asset Management in a third party arrangement, it is the first fund under the new 'M' (Mixed Asset) banner and will sit in the IMA Active Managed sector.

"We have selected T. Bailey Asset Management for the initial fund in the MA range as it follows an investment philosophy which we find very exciting at this time," said WAY chairman Paul Wilcox.

"We have spent the last few years building a reputation for long term financial and tax strategies, and we feel now is the time to offer a much wider range of underlying portfolio options going forwards. Many clients will be enjoying the benefits of our offerings for upwards of ten years and they really need the comfort of knowing that they have an increasing number of manager options from which to choose as both market conditions and performance styles wax and wane," he added.

The tie up marks a major turning point in WAY’s investment planning strategy. Designed to be focused on a less formal, more 'contemporary' investment approach, the Growth Portfolio aims to achieve attractive returns from a range of asset classes whilst retaining a significant weighting to global equities. The WAY MA Growth Portfolio fund will blend three distinguishable strands: 'core' global funds run by top managers; 'conviction' funds including some more esoteric vehicles; and a small 'alternative' component often of a more defensive nature. And in keeping with the WAY 'big picture' view, the various third party managers will be given far more freedom to follow their own convictions where the associated risks will be offset by appropriate asset blending.

"It's an approach which holds the promise of attractive growth without necessarily increasing risk levels, and we will be rolling out further MA Portfolios from other managers with excellent track records within their relevant sectors," said Wilcox.

Jason Britton, who will be managing the WAY MA Growth Portfolio on behalf of T. Bailey, said the "idea of capturing some of the best opportunities in today's fund industry in one unconstrained portfolio is attractive for many investors. The WAY Group and T. Bailey share many characteristics – a dedication to investment led products, independence, high levels of client service – which makes it an exciting, interesting proposition and we have every confidence in the WAY MA Growth Portfolio delivering value for investors".

Looking forward, the next launch due in June 2008 (subject to FSA approval) will be the WAY MA Cautious Portfolio, to be managed by John Husselbee of North Investments, one of the pioneers and best-known fund of funds managers.

- Ends -

Website link: T. Bailey Asset Management Limited

 Internal link: Read/print/download the current: WAY MA Growth Portfolio Fund Factsheet

 Internal link: Press Release 080623 - WAY MA Cautious Portfolio Fund

Paul Wilcox,
Chairman & Technical Director, WAY Group.
17th March 2008.

Press Release Date: 17th March 2008.

Note: This commentary has been prepared for Financial Intermediary Clients and Professional Associates of WAY Investment Services Ltd and is not intended for and must not be distributed to Private Investors. This information is supplied to you in confidence and you may not pass it on to any other party without prior written consent. Past performance is not necessarily a guide to future returns and changes in rates of exchange between currencies may cause the value of investments to rise or fall. No representation or warranty is given (express or implied) as to the accuracy, completeness or correctness of the information nor the opinions, interpretations and conclusions contained in this commentary. The commentary does not constitute investment advice or a recommendation to purchase or sell any security. Neither the author nor WAY Investment Services Ltd accept any liability whatsoever for any loss or damage arising in any way from any use of or reliance placed on the commentary. WAY Investment Services Ltd is an Appointed Representative of WAY Fund Managers Ltd which is authorised and regulated by the Financial Services Authority.

Press Release Date: 17th March 2008.