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.
Click here for the story from Financial Times.