Chatfeild-Roberts adds Leaviss' M&G Macro fund to Merlin portfolios

The changes, made in August, come despite what the team described as allocation moves made “at the margin” of their five-fund range. Those moves incorporate an increased exposure to the UK and US at the expense of emerging market equities, the team said. In terms of underlying funds, Chatfeild-Roberts (pictured) and co-managers Peter Lawery and Algy Smith-Maxwell have bought the £1.2bn M&G Global Macro Bond fund, managed by Jim Leaviss, for their £4.8bn Income and £1.6bn Balanced portfolios. Elsewhere, they have added the Invesco Powershares Buyback Achievers portfolio to their £81...