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Cazenove Picks ETFs To Cut Cash

Cazenove Capital Management is now investing in ETFs to cut its cash weighting and take advantage of a market growth.

    Cazenove Capital Managementis now investing in ETFs to cut its cash weighting and take advantage of a market growth,金融时报》reports.Marcus Brookes, head of multi-manager, said the multi-manager range is considering when to reposition the funds to take advantage of areas that have underperformed. These funds utilized theiShares FTSE100 ETF.

    The multi-manager range includes the £16.7 millionCazenove Diversity Incomefund, the £61.6 millionCazenove Multi-Manager Diversity Balancedfund and the £588.2million Cazenove Multi-Manager Diversityfund. Brookes added that the market may still turn risky and the situation needed to be monitored as policy makers can “back stop” the global economy.

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