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What’s New In Investments, Funds? – 7IM, M&G, LGIM

Editorial Staff 20 February 2024

What’s New In Investments, Funds? – 7IM, M&G, LGIM

The latest in investment offerings, financial products and other services relative to wealth advisors and their clients.

7IM, M&G
7IM has just announced that its model portfolio (MPS) range is available on M&G’s wealth platform. This will expand M&G’s MPS offering and increasing the options available to advisors to meet their clients’ needs.

The range consists of its active, blended, passive and responsible choice model portfolios, managed by 7IM’s investment management team. The portfolios invest in a diversified range of assets, which are managed to optimise returns, the firm said in a statement. There are also rigorous risk management procedures applied to all the portfolios, covering a range of risk profiles from cautious to adventurous plus to cater for different investor risk appetites.

The annual portfolio fee of the 7IM model portfolios starts at 0.15 per cent for the passive range, the firm added. The range is also available to advisors through 7IM’s own platform as well as others, including abrdn, Quilter and Transact.

Legal & General (Unit Trust Managers) (LGUTM) has proposed to overhaul its investment strategy for the L&G UK Property Fund (PAIF). Most of the £1.2 billion ($1.5 billion) fund is invested directly in UK property but L&G aims to put nearly half of the portfolio into global real estate investment trusts (REITs). The new hybrid strategy will enable the fund to offer daily liquidity to its investors.  

The proposed asset allocation would be 45 per cent UK direct property exposure, providing continuity with the fund’s existing direct property strategy; 45 per cent global REITs and 10 per cent cash, the firm said in a statement. 

The proposed changes will provide investors with access to the L&G PAIF management team, led by fund managers Michael Barrie and Matt Jarvis. The new structure aims to maintain investor demand for access to a daily dealing property fund. 

Shareholders are set to approve the proposal at a meeting on 10 April.

“Relative to other asset classes, we feel that the UK property sector remains an attractive diversifier in any balanced portfolio, and is well positioned for investors with long-term horizons,” James Crossley, head of UK wholesale at LGIM, said.

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