Tilney Bestinvest Rolls Out Risk-Graded, Multi-Asset Funds

Tom Burroughes

3 June 2016

UK wealth manager , which has been growing rapidly via a number of acquisitions in recent months, has rolled out five risk-graded multi-asset funds inside UCITS structures.

The funds are called IFSL Tilney Bestinvest Global Multi-Asset Portfolios, or G-MAP. The launch will have a fixed price offer period of $1 per share from 1 June to 30 June. The G-MAP funds will be co-managed by Gareth Lewis, chief investment officer, and Marcel Porcheron, director of the firm’s investment office.

Aimed principally at international investors and advisors serving expats, the G-MAP range replicates the risk and goal profiles of the firm’s existing £1 billion Multi-Asset Portfolio fund range but without their relative bias towards UK assets.

The new funds will be denominated in dollars; the firm intends to shortly introduce currency hedged share classes for investors based in sterling, euro and Swiss francs.

The funds will pursue an active and global approach to asset allocation with allocations to equities, fixed income, property, target absolute return funds and cash. The five strategies are Defensive, Income, Income and Growth, Growth and Aggressive.

There will be two share classes, institutional and retail, with an annual management charge of 0.75 per cent and 1.5 per cent respectively.

The launches come at a busy time for the firm, which recently unveiled its 2015 financial results. The company, which was created via a merger, has gone on to make purchases such as that of UK-based Ingenious Asset Management and of Towry, which is expected to complete in the second half of the year. (To see more on the Towry deal, see here.)