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0.25% Annual charge for first four Caerus funds

Caerus has launched its first four low-cost retail investment funds under its portfolio management arm.

The passive portfolio dynamically rebalanced portfolio funds will have a 0.25 per cent annual charge and will look to access asset classes primarily through ETFs. The four funds will be managed by Evercore Pan Asset.

Caerus chief executive Keith Carby says: “Our intention was to combine fund management with advice for the benefit of advisers and clients. These dynamically rebalanced portfolio funds are the first example of how much can be achieved for advisers and consumers via this strategy.”

Caerus Portfolio Management plans to launch 10 investment funds by May as it looks to target mid-market investors.

Allium Capital is the appoin- ted investment consultant to Caerus Portfolio Management.

Managing director Ronan Kearney says: “We believe asset allocation has the biggest impact on returns rather than ind- ividual stock picks and that a larger focus on reducing costs is what investors need. The DRP range will form the core holding within a portfolio, allowing for steady, risk managed growth at the keenest possible price.”

AWD Chase de Vere head of communications Patrick Connolly says: “We are going to see much greater use of passive investments, including ETFs, in the run-up to and after the RDR. Any actively managed funds will have to clearly demonstrate they can outperform.”

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