The FINANCIAL — In a vote of confidence, unit holders voted overwhelmingly in favour of the launch of Credit Suisse's Multi-Manager Multi Asset Growth Fund building on last year's successful launch of the Multi Asset Distribution Fund.
Commenting on today's launch, Aidan Kearney, Co-Head of Credit Suisse's UK Multi-Manager team said:
"We are delighted to offer another multi-asset fund to UK investors and we take it as a vote of confidence from the market that others are following Credit Suisse into the multi-asset space in the UK. With a focus on Growth, this new fund allows us to invest in a global universe of holdings across asset classes and geographies.
"The fund's investment strategy is one widely used by many of Credit Suisse's private clients, and our many years of shared experience in this specialist investment methodology, together makes an attractive investment proposition for IFAs and their clients."
Graham Duce, Co-Head of Credit Suisse's UK Multi-Manager Team added:
"In today's markets, we believe this fund is well placed to handle future market changes by using its ability to diversify and exploit investment opportunities across a variety of asset classes in a pure open architecture approach to fund selection. We have been delighted with the early demand for the Multi Asset Distribution Fund and believe the new fund is a natural extension to our existing range of funds."
Today the fund holds the following approximate weightings:
Equities and Fixed Income 50%
Alternatives 30%
Tactical Opportunities 20%
Through Credit Suisse, the UK Multi-Manager team has access to one of the world's largest alternative investments and multi-asset class providers in the world*, so direct, quick and exclusive access to ideas, funds, strategies and tactical opportunities puts the team in a position of strength.
The fund began trading on June 2.
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