RBS-owned UK wealth manager and private bank Coutts has launched a line of multi-asset funds, comprising seven UK and global RDR-compliant UCITS vehicles. Each is managed to a defined risk budget.

UK chief investment officer Alan Higgins and his team will manage the four UK-focused funds while the three global funds will be lead-managed by Europe CIO Norman Villamin and his team in Zurich.

The funds will be sold under advice in the UK. For Coutts clients, the annual management charge will be 0.5 per cent.

The base currency of the global funds is US dollars with hedged share classes available in sterling, euros and Swiss francs.