The popularity of multi- manager capitals has grown rapidly over the last sum of two units years.

The popularity of multi- manager capitals has grown rapidly over the last sum of two units years. While sales of many other emblems of unit trusts and OEICs have flagged, these supplys where the investment management is sub-contracted to a number of external permanent fund managers, have attracted increasing amounts of business. The number of stocks on offer has also expanded considerably, one as well as the other as a result of just discovered launches and the conversion of existing foundations to a multi-manager basis. The tend is not confined to the OEIC and unit trust world.

Earlier this year Lincoln, for example, launched its 'manager of manager'