F&C multi-manger funds make initial investment in Monument Bond Fund
F&C’s multi-manager team has added TwentyFour’s Monument Bond Fund into their F&C Multi Manager Distribution and F&C Multi Manager Cautious portfolios.
Dean Cheeseman, head of retail multi-management of F&C, said: "With the cost of borrowing likely to trend upwards later this year, the purchase sits well with our longer-term strategy of tempering exposure to more interest rate sensitive assets, whilst at the same time increasing positions in areas like high quality RMBS, that are not negatively impacted by higher rates".
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