James Hay adds Cazenove Fund to Wrap and Collect Platforms

James Hay has added the highly acclaimed Cazenove UK Absolute Target fund to its Wrap & Collect platforms.

The total number of funds now available on James Hay Wrap totals 1,373 funds from 59 different providers.

The Cazenove UK Absolute Target Fund, which was launched four months ago, has little correlation to the market and adopts a neutral stance with an equal number of long and short positions. The fund has already returned 3.2 per cent since it was launched on 18 July and has received an ‘A' rating from OBSR

Chris Smeaton, Head of Funds, James Hay, said: "We are committed to ensuring that investors of all types have access to a wide ranging source of funds. IFAs need to be able to fully satisfy their clients needs and we are keen to ensure that they have access to a truly ‘whole of market' proposition."

Unlike many competitors, James Hay has a philosophy that supports "any fund, in any tax wrapper at any time" and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.

Investors using James Hay can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £13 billion under administration.