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Defaqto on OPM Fund Management’s EFA OPM Diversified Target Return Fund

View of Defaqto insight analyst for funds Fraser Donaldson

Donaldson says: “This fund aims to achieve a return of 3 per cent above the base rate  a year on a medium to long-term basis, with capital preservation being a major consideration. It is a multi-asset fund with a diversified portfolio of collectives, transferable securities, direct equities, fixed interest, exchange traded funds, derivatives, warrants, money market, cash, near cash and deposits.

“There are no restrictions on the fund managers, Ross Henderson and Tony Yousefian, in terms of type, geography or sector. Cash can be up to 100 per cent of the fund. This fund is an absolute returns fund, which can be an appealing solution in such uncertain markets. There does seem to have been outflows from the absolute return sector in favour of riskier assets but this is still likely to appeal to those that are unconvinced of a strong economic recovery. The intention is to keep volatility to a minimum, at least below the average for the absolute return sector.

“The fund already has around £10m under management which should give it the flexibility to use all asset types available. Given the trend to investment outsourcing, this may appeal to those advisers who want to leave the decision making to a third party on what assets, asset classes and geography to invest in.”



Beware backward-looking asset allocation models

As the RDR looms into focus, many IFAs are reviewing their specific area of value add when in front of clients – what is their client proposition now, and how, if at all, will it change in 2013? For a general practitioner IFA, one potential route could be to refocus their business model on holistic […]


The rising costs of running an IFA

The cost of operating as an IFA has risen dramatically over the past few years. The Financial Services Compensation Scheme interim levy, Financial Ombudsman Service levies, additional costs arising from the RDR and, most recently, charges for the Money Advice Service have all hit advisers’ pockets. Highclere Financial Services partner Alan Lakey says the cost […]

House purchase approvals static in May

The amount of approvals for home purchase stayed roughly the same between April and May, increasing slightly from 45,447 to 45,940. The figure was slightly lower than the six-month average of 45,957. Approvals for remortgaging also increased, rising from 28,074 to 28,759 in May, 11.8 per cent lower than the six-month average of 32,164. Total […]


Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.


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