L&G Investments is considering risk-rating its multi-manager range, which consists of the £249m Multi-Manager Growth Trust, £231m Multi-Manager Income Trust and £31m Multi-Manager Balanced Trust funds.
It is the latest firm to look at risk-profiling its funds. Schroders says it is considering risk-rating some managed funds while Allianz and Investec have launched risk-targeted funds.
L&G Investments managing director Simon Ellis says the firm is trying to find a way to incorporate its portfolio planning tool into the risk process.
Last month, Allianz and Seven Investment Management called for a separate Investment Management Association sector for risk-profiled funds but the IMA has quashed the idea.
Source Fundweb. Read full article here.