WAY LAUNCHES NEW UNCONSTRAINED FUND OF FUNDS
Photo left: Jason Britton (T. Bailey)
WAY GROUP LAUNCHES FIRST OF TWO FUND OF FUNDS ...
Unit trust provider the WAY Group has launched a new unconstrained fund of funds in a bid to offer a wider range of investment options for its clients.
The WAY MA (mixed asset) Growth Portfolio, launched on Monday, will be managed by Jason Britton on behalf of boutique firm T. Bailey Asset Management in a third party arrangement.
The fund will blend three investment approaches - core, conviction and alternative - which WAY says will enable Britton "far more freedom" to follow his own convictions with risk offset by "appropriate asset blending".
It will be the first of two fund of funds WAY expects to launch this year, with the WAY MA Cautious Portfolio currently awaiting FSA approval. That product will be managed by multi-manager 'Godfather' John Husselbee, currently at boutique firm North Investment Partners.
The company currently offers three fund of funds vehicles, all of which are managed by Investment Management Selection (IMS).
But WAY chairman Paul Wilcox says the firm's clients have been calling out for greater investment choice and says this is the reason for the new launch. "T. Bailey follows an investment philosophy which we find very exciting at this time," he says.
"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 forward."
The 'core' branch of the investment strategy will focus on global funds run by top managers, while the 'alternative' component will be dominated by more defensive products.
However, the 'conviction' aspect will enable Britton to, as Wilcox says, "let his imagination run wild".
Britton says: "The idea of capturing some of the best opportunities in today's fund industry in one unconstrained portfolio is attractive for many investors."
Minimum investment in the fund is £5,000.
- Ends -
Website link: T. Bailey Asset Management Limited
Website link: Investment Management Selection (IMS)
Website link: North Investment Partners
Link: Read/print/download the: WAY MA Growth Portfolio Fund Factsheet
Paul Wilcox,
Chairman & Technical Director, WAY Group.
19th March 2008.
Press Release Date: 19th March 2008.
Please Note: The above commentary was first published by IFAonline, part of the Incisive Media group. Reproduced with kind permission.
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: 19th March 2008.