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OPM set to launch two funds for model portfolio service

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OPM Fund Management  is to launch two new funds next month in readiness for the launch of its model portfolio service.

The EFA OPM diversified target return, to be managed by Ross Henderson, and the EFA OPM worldwide opportunities, to be managed by chief investment officer TonyYousefian, will launch on May 9, 2011.

The EFA OPM Diversified target return fund will target a positive return in excess of the benchmark, being the Official Bank Rate set by the Bank of England plus 3 per cent per annum, on a medium to long term basis, with capital preservation being a major consideration.

The EFA OPM worldwide opportunities fund will maximise the growth of capital over the medium to long term, the sub-fund’s benchmark being the FTSE All-World Index.

The new funds will also feature in a range of six risk graded model portfolios that will offer advisers an investment outsourcing service.

Yousefian says that he expects the service to prove particularly attractive to clients with smaller sums to invest. The minimum investment will be £1,000 as well as low total expense ratios.


The total expense ratio will be no more than 1.6 per cent on the portfolios. This will include regularly remuneration of 50 basis points.

OPM Fund Management chief investment officer Tony Yousefian says:  “With the onset of the retail distribution review we see a smaller market for more generalist funds - cautious and balanced managed funds being an example.

“Intermediaries who elect to manage their own portfolio construction will need the ‘full set of tools’ in which an absolute return fund and an international (largely ex UK) fund can play more useful roles in the asset allocation process.”


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