French IFA launches global flexible FoF
French independent financial adviser Océanic Finance has launched the Océanic Opportunités Monde, a global flexible fund of funds for its private clients and partners.
The management of the FoF has been delegated to Paris-based investment firm Lazard Frères Gestion, Océanic Finance will bring advice on strategic asset allocation.
The fund will invest primarily in global equities, bonds and money market funds. It will exposed up to 30% to emerging markets and small-mid caps.
As of 31 March 2017, the fund was invested at more than 90% in equity markets. European markets formed 58% of the equity allocation, US markets 21% while emerging and Japanese markets represented 14% and 8% respectively.