Popular Multi Strategy Fund From Lloyds TSB Offshore Fund Managers Limited Reaches £100 Million

Strong sales and investment market returns have powered Lloyds TSB Offshore Multi Strategy Fund to the landmark figure of £100 million under management.

Launched in September 2004, the Fund has proved exceptionally popular due to its range of strategies. These strategies allow customers and advisers to select an investment with the level of risk that the investor is prepared to accept.

An alliance between Lloyds TSB Offshore Fund Managers, Scottish Widows Investment Partnership, Russell Investment Group and Morley Fund Management produces eight expertly constructed investment strategies - all within a single Jersey fund.

Investors have a choice of six sterling denominated strategies - Cautious, Conservative, Balanced, Growth, Progressive and Aggressive and two US dollar denominated strategies – Global US$ Conservative and Global US$ Growth. All strategies are available to customers wishing to invest a lump sum and those wishing to save regular amounts. Investments can be made in sterling, US dollar and euro.

The strategies feature broad diversification across cash, bond, property and equity investments. With the option for two free switches between strategies each year, investors can make appropriate changes to their investment in relation to market conditions, or to suit their circumstances. Investors also have peace of mind in the knowledge that they have easy access to their investment, as the Fund deals daily.

Nigel Jeacock-Fewtrell, Director, Lloyds TSB Offshore Funds Managers, said:

"Lloyds TSB Offshore Fund Managers has made sure that the Multi Strategy Fund has access to a fully diversified range of investment management expertise available from companies with long and proven track records.

Russell Investment Group, for instance, has been researching fund managers for more than 30 years and managing multi-manager funds for more than 20 years. This experience gives them great insight and knowledge.

Together with the expertise brought to the process by Scottish Widows Investment Partnership and Morley Fund Management, this adds up to a formidable investment team for investors and advisers to have on their side."

Find out more about the Multi Strategy Fund.

The information in this article is valid as at 28th August 2007.