Jersey-based investment manager Bridport has launched a range of six new funds, each of which will follow the same investment strategy but with differing levels of overall risk.

In what Bridport believes to be a first for the retail industry, the funds will invest predominantly in exchange-traded funds, which mirror the performance of market indices, thereby helping to reduce both trading costs and the risk of market underperformance.

The funds will be able to invest in any of the world’s major equity, bond, property, commodity and cash markets; asset allocation changes will take place on a monthly basis.

The investment strategy will be dictated by a continual assessment of risk and return data for each of the markets mentioned above, with the aim of ensuring that investments are only made in assets which are actually showing positive ongoing returns at any point in time.

There is no cap on the size of any of the funds offered although there is a minimum investment of £10,000 – ($16,400) - with a minimum top-up of £5,000.