City Asset Management launches five risk-rated portfolios
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City Asset Management has launched a five-strong range of risk-rated model portfolios.
The funds will be actively managed on a multi-asset basis by the discretionary manager and will be available across a number of platforms.
The cautious portfolio will target a real return over a five year rolling period of CPI+2, while the balanced portfolio targets CPI+4 over the same rolling period.
The income portfolio will look to outperform the APCIMS income index while providing a natural income and maintaining the capital value of the investment. The growth fund will look to outperform the APCIMs growth index over a five year rolling period and the aggressive portfolio will target a return in excess of the FTSE world index.
The annual investment management fee on the funds will be 0.3 per cent. City Asset Management says the institutional terms on the underlying funds AMC will keep the TER as near to 1 per cent as possible. There is no dealing or switching fees and the minimum investment is set at £20,000.
City Asset Management director Helen Angove says: “Global insecurity and continued market volatility together with increasing regulation and RDR fast approaching are focusing IFAs attention on outsourcing to discretionary investment managers. We have worked with IFAs for many years now, and developed an innovative solution in conjunction with them, building risk rated models that cater specifically for the needs of their clients via platforms.”
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