View the article online at http://citywire.co.uk/new-model-adviser/article/a651100
Caerus swaps Evercore for Mansard on £130m funds
by Rachael Revesz on Jan 15, 2013 at 14:24
Adviser network Caerus has handed fund managers Mansard Capital the mandate to run its £130 million Dynamically Rebalanced Portfolio funds, arguing the move will cut costs.
Mansard will take over the four funds from Evercore Pan Asset, and change the investment approach from one employing exchange-traded funds (ETFs) to one using index trackers.
Caerus said the switch would cut total expense ratios by an average of 0.2% to around 0.25% and reduce tracking error. It added the funds' asset allocation and risk-targeted approach would remain the same.
Caerus investment director Ronan Kearney (pictured) said: ‘The move from ETFs to indices enables Caerus to provide its clients with a product that offers exceptional value and performance.'
News sponsored by:
Today's top headlines
More about this article:
More from us
- Skandia in talks to buy stake in Caerus
- Caerus Capital buys Paradigm network
- Caerus swings to £1.2m profit and predicts RDR boost
- Caerus partners with Parmenion for model portfolio range
by Michelle Abrego on Mar 11, 2014 at 10:45