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Schroders Personal Wealth, the Schroders/Lloyds Banking Group joint venture, has launched a range of portfolio funds with a range of risk-return profiles.

The six portfolios are SPW Cautious Portfolio, SPW Discovery Portfolio, SPW Balanced Portfolio, SPW Progressive Portfolio, SPW Dynamic Portfolio and SPW Adventurous Portfolio. 

The funds mainly invest in Schroders funds, along with some third party funds. There will be a capped ongoing charge figure of 0.65 per cent.

“These are the first portfolio funds that we have launched within our new ACD so this is an exciting milestone for the company and a significant step on our journey towards becoming a top financial planning business in the UK,” Marcus Brookes, chief investment officer at Schroders Personal Wealth, said. ("ACD" refers to Authorised Corporate Director, which was launched last year.)