FSA gives green light for T Bailey launch
Joe McGrath and Jennifer Lowe, 15 January 2010
T Bailey has received FSA approval for the launch of a ‘lite’ version of its main T Bailey Growth fund.
The fund, which will be a passive version of the existing growth fund investing in ETFs and trackers, will go live on 25 January 2010 and will have its total expense ratio (TER) capped at 0.99 per cent.
The fund’s strategic asset allocation at launch will be 25 per cent in America, 25 per cent in Britain, 17.5 per cent in emerging markets, 15 per cent in Europe (excluding Britain), 7.5 per cent in Japan and 10 per cent in the Pacific Basin (excluding Japan).
Speaking to What Investment.co.uk, Phillippa Gee, head of marketing for T Bailey, said this launch was ground-breaking for the company.
She added, ‘Up to this point we talked about active fund management but we recognise that there are those investors that support passive investment and we wanted a product to suit them.
‘Obviously, we are aware of the risks and costs of certain ETFs, so just as we would choose an active fund, we will choose passive funds that compliment the portfolio and give the appropriate level of risk.’
The existing T. Bailey Growth Fund has delivered top quartile performance since its launch ten years ago
Advertisement
.
Free Magazine: How To Invest For Income
Free Magazine: How To Invest For Income In this free edition of MarketViews, Peter Temple highlights key features that can make income-based investing generate such good results. Get your free copy here
Free Guide: 8 Common Trading Indicators
Get this free guide to find out how to use technical indicators to give you a sense of what the market will do next. Get your free copy here.
No hassle and no admin fees. Open an account now with The Share Centre. Find out more.
A free guide to Gold Investment
Physical Gold protects against global economic downturn by providing crucial portfolio balance. You can buy gold bars for your UK pension and receive up to 40% price discount via tax relief. Buy tax-free gold coins as an alternative to poor interest rates. Find out more and download this free guide to gold investment.
The TaxGuide.co.uk has a wealth of tips and advice from working out your tax bill, through to the latest personal tax rules. Get your personal tax tips today.
FREE Report: Inside Investment Trusts
Written by the team behind What Investment, this exclusive FREE report covers:
- Why Investment Trusts are better than Unit Trusts
- How new legislation is broadening the appeal of Investment Trusts
- Where to look for buying opportunities
- Why now is the time to buy Investment Trusts
- The Investment Trusts to invest in at the moment


Comments
Please register or login to comment on this article.