Cazenove Capital Management is now investing in ETFs to cut its cash weighting and take advantage of a market growth, Financial Times reports. Marcus Brookes, head of multi-manager, said the multi-manager range is considering when to reposition the funds to take advantage of areas that have underperformed. These funds utilized the iShares FTSE100 ETF. The multi-manager range includes the £16.7 million Cazenove Diversity Income fund, the £61.6 million Cazenove Multi-Manager Diversity Balanced fund and the £588.2 million Cazenove Multi-Manager Diversity fund. Brookes added that the market may still turn risky and the situation needed to be monitored as policy makers can “back stop” the global economy.
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