The new FE Select Portfolios have been built using the firm's own optimisation technology and the FE Select 100 short list of funds, representing what it sees as the best available funds in each asset class.

The fifteen portfolios are designed to meet five levels of risk appetite across three time horizons: short, medium and long term. They are intended to maximise the diversification benefits of active funds with different strategies and styles, and hope to produce greater returns and lower drawdown than a passive portfolio with the same target risk level.

“Unlike discretionary fund management solutions, the FE Select Portfolios keep IFAs in the driving seat.  FE Research offers asset allocation and fund selection guidelines, while IFAs control the implementation, allowing them to tweak the models or fund choices to suit individual clients.  The feedback we have had so far from advisors has been extremely positive,” Rob Gleeson, head of FE Research, said in a statement.