Architas, the multi-manager arm of Axa, has launched a trio of multi-asset funds to bring its multi-asset portfolio to six funds.
Architas has launched the dynamic, growth and the reserve multi-asset passive funds to complement its existing adventurous, balanced and cautious multi-asset passive funds.Total expense ratios for the new funds will be capped at 1.3 per cent.
Each of the funds will invest in a variety of tracker funds as opposed to mirroring one index.
Architas chief investment officer Caspar Rock says: “Tracking several indices means you’re not relying on the performance of a single index, and this can provide distinct diversification benefits. It’s a logical way to invest passively and we’re seeing demand from investors across all risk profiles looking to strike a balance between active funds and cash deposits.”