ABN Amro Asset Management is introducing its Managed Portfolio Service to the IFA market.
The service offers investors the choice of three investment strategies, growth, balanced or income to suit the individuals needs. Each strategy is managed on a discretionary basis using authorised collective investments, investment trusts and gilts and the client receives a twice yearly report on their portfolio's performance.
The investment strategy of the three portfolios will each be based on the benchmark of the equivalent WM Private Client performance indicator. Each of the portfolios will consist of both actively and passively managed funds, such as Jupiter's Income and HSBC's Footsie funds but could also include ABN Amro funds. Each portfolio will also have some exposure to international markets.
The philosophy behind this investment strategy is ABN Amro's belief that by using passively managed tracker/index funds as the core for each portfolio, it will lower both charges and volatility, while adding stability to the service as a whole. This passive underpinning, in turn, allows ABN Amro greater freedom in its choice of actively managed funds.