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Old Mutual Wealth Unveils New Multi-Asset Range

Amisha Mehta Assistant Editor London 20 April 2016

Old Mutual Wealth Unveils New Multi-Asset Range

Old Mutual Wealth's investment arm, which comprises Old Mutual Global Investors and Quilter Cheviot, is launching the first fund from its multi-asset unit.

The investment division of the UK's Old Mutual Wealth has launched a multi-asset range of four portfolios, aimed at international investors.

The launch of the Old Mutual Compass Portfolios is the first from the Old Mutual Wealth multi-asset unit, which is run by co-investment directors Anthony Gillham and Ben Mountain. The portfolios, managed by OMGI, will be available across a number of jurisdictions, including Singapore and Europe, and in various currencies.

They aim to generate a long-term total return, while managing downside risks. With a diversified approach across asset classes, the portfolios each match a different risk profile, with Compass 2 targeting the lowest level and Compass 5 the highest. 

“Demand by international investors for outsourced investment solutions has been steadily growing, as the focus on managing risk in volatile markets intensifies. We believe the Compass portfolios are truly addressing this demand: they are diverse, unconstrained and aim to maximise returns for investors, within a level of risk they are comfortable with,” said Danny Knight, director, Old Mutual Wealth's multi-asset unit.

“By introducing the proven approach of risk-targeting, used in the UK by the Old Mutual multi-asset team, advisors can establish their clients’ appropriate level of risk and then outsource investments to a trusted expert, with the knowledge that their ongoing investment needs will be continually met, regardless of the economic condition.”

Earlier this year, the Old Mutual group confirmed the split of its four major business lines – Old Mutual Emerging Markets, Nedbank, Old Mutual Wealth and OM Asset Management (US) – into separate, standalone entities. Old Mutual Wealth oversaw £104.4 billion ($150 billion) in customer investments as of the end of 2015.

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