Credit Suisse plans multi-asset growth fund to expand multi-manager offering
Credit Suisse is looking to add to its multi-manager range with the launch of a multi-asset growth fund, according to a Money Marketing report.
It is understood the growth fund, which will come to market in June subject to FSA approval, is leveraged off a private client offering and will be placed in a wrapper to operate in the retail sector. The growth fund will have 20 to 30 underlying holdings, with investments placed in three silos.
Core balanced will cover 50% of the fund and will largely comprise traditional equity and fixed income offerings while about 30% in satellite holdings will invest in more alternative products, a number of which will have some downside protection.
A tactical overlay of 20% is designed to offer more dynamism, with the managers able to double their current holding in areas or place the 20% in cash.
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