Jupiter's John Chatfeild-Roberts and team have added a commercial property play as well as funds from Invesco Perpetual and Majedie as part of the latest changes to their Merlin multi-manager portfolios.
In their latest update to investors, multi-managers Chatfeild-Roberts (pictured), Algy Smith-Maxwell and Peter Lawery said they viewed "selected property exposure" as a way for income investors to diversify away from equities and bonds. The trio have added the Mayfair Capital Commercial Property trust to both the £4.7bn Merlin Income and £1.6bn Merlin Balanced funds in light of this consideration, their first such investment in over a decade. "We have a high conviction in the strength of the fund management team at Mayfair and believe that in the current environment, selected property...
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