The new With Profits Cautious Fund and With Profits Adventurous Fund are designed to help advisors meet a broader range of client objectives. Using smoothing to adjust returns over time and reduce the impact of day-to-day market volatility, they sit alongside Wesleyan’s flagship With Profits Growth Fund.

Together, the expanded range gives advisors three options with different risk profiles when incorporating smoothed funds into diversified portfolios, the firm said in a statement. The Cautious Fund is aimed at clients with a lower appetite for risk, while the Adventurous Fund is for those seeking greater growth potential.

Wesleyan’s smoothed With Profits fund range is designed for independent advisor platforms, offering daily pricing, daily trading and daily smoothing to give advisors and their clients instant access to the information they need.

"More advisors are looking for investment solutions that help clients to navigate market volatility while remaining focused on their long-term goals,” Karen Blatchford, managing director, Intermediary Distribution at Wesleyan, said. "Smoothing can play an important role in supporting better client outcomes, but advisors need access to solutions that reflect the differing needs and risk profiles of the people they advise. By expanding our With Profits range, we're giving advisors greater flexibility to recommend a smoothed investment solution that is appropriate for a broader range of clients.”