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Schroders is launching a new range of funds called Schroder Investment Solutions to deliver low-cost model portfolios and multi-asset funds on a range of platforms from May.
The UK manager said the move is backed by growing evidence that advisors are increasingly focused on offering clients a range of multi-asset solutions.
Alex Funk, will head up the new offering as chief investment offcer and oversee a team managing £4 billion in assets, supported by Schroders' multi-asset team.
“Financial advisors have been telling us they want to see an accessible range of low-cost funds and model portfolios available on a wide range of platforms, we will be delivering on this,” Doug Abbott, Schroders head of UK intermediary, said.
Specifically, advisors will have access to the Model Portfolio Service consisting of Schroder Active, Strategic Index and Sustainable ranges, with an annual management fee of 15bps. Each range will have between six and nine model portfolios covering a large spread of risk ratings. An income model portfolio will also be available.
They will also have access to Schroder Tactical Portfolios (capped at 29bps) and a mix of active and passive investments in the rebranded Schroder Blended Portfolios as part of the multi-asset range.
“Advisors need to access a range of solutions at different risk profiles, price points and investment objectives and this is exactly what Schroder Investment Solutions offers,” Funk said.