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Home > Investments > Multi-Manager Funds

Santander asset management renames funds of funds

Group to change names of 10 funds.

By Bradley Gerrard | Published Jun 25, 2012 | comments

Santander Asset Management is renaming seven multi-manager funds to reflect the IMA’s overhaul of its mixed-asset fund sectors.

The products, run by fund of funds duo Tom Caddick and Toby Vaughan, will be renamed in September subject to FSA approval.

The group also plans to rename three funds run by Azim Meghji, including his £1.1bn Sterling Corporate Bond fund.

The changes on the multi-manager funds are designed to complement the IMA’s recent overhaul of its mixed asset fund sectors, in which some of the funds are housed. The IMA removed words such as ‘cautious’ and ‘balanced’ from the sector names amid concern they could mislead investors.

The sectors are now named based on how many stocks their constituent funds are permitted to hold as a proportion of their investments - for example, IMA Mixed Investment 20-60 per cent Shares - and a fourth, ‘ultra-low risk’ sector was added.

Santander said the bond funds were being renamed after feedback from advisers.

Santander multi-manager fund range name changes

Previous name

New name

Santander Cautious Portfolio

Santander Max 50% Shares Portfolio

Santander Balanced Portfolio

Santander Max 70% Shares Portfolio

Santander International Equity Portfolio

Santander International Shares Portfolio

Santander Global Equity Portfolio

Santander Global Shares Portfolio

Santander Global Emerging Equity Portfolio

Santander Global Emerging Shares Portfolio

Santander Balanced Income Portfolio

Santander Max 60% Shares Income Portfolio

Santander Balanced Portfolio - Income Unit TrustSantander Max 70% Shares Unit Trust

Santander bond fund name changes

Previous name

New name

Santander Bond Portfolio

Santander Investment Portfolio

Santander Sterling Corporate Bond Fund

Santander Investment Income Portfolio

Santander Balanced Portfolio - Growth Unit TrustSantander Investment Income Unit Trust

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