Simon Evan-Cook, Manager of the VT Downing Fox Funds range, was recently featured in Portfolio Adviser, discussing the implications that a reduction in Capital Gains Tax (CGT) exemptions will have for multi-asset funds and Managed Portfolio Services (MPS).

Simon shared thoughts on why CGT was a key determining factor in his decision to launch a fund of funds product over an MPS.  

Simon Evan-Cook comments:

“I had the choice of going down the MPS route or launching a fund of funds range instead. I chose the latter because I genuinely believe they are by far the better option for advisers and their clients.

CGT is one of the big reasons for this. Within our funds of funds, when I sell a holding I can do so safe in the knowledge that it will have no CGT implications for any of its holders, regardless of whether they hold it in a tax wrapper or not.”

*Simon’s comments originally appeared on Professional Adviser’s insight here: What will the capital gains tax changes mean for MPS investors? | Portfolio Adviser (portfolio-adviser.com)

VT Downing Fox Funds

Downing launched the VT Downing Fox Funds range last year - a multi-asset range, designed specifically for UK financial advisers. The range consists of four funds of funds that differ by the amount they hold in equities: 40%, 60%, 80% and 100%. The range is managed by Simon Evan-Cook and Alex Paget.

Risk warning  

Please note that past performance is not a reliable indicator of future results. Capital is at risk. Investments and the income derived from them can fall as well as rise and investors may not get back the full amount invested. Investments in our funds should be held for the long-term and are higher risk compared to investments solely in larger, more established companies. Opinions expressed represent the views of the fund manager at the time of publication, are subject to change, and should not be interpreted as investment advice.

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