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F&C to launch Lifestyle funds

F&C Investments is to launch a set of four “lifestyle” fund of funds at the end of March.

The funds, which are managed portfolios, provide an asset mix tailored to fit the risk and return profile of specific categories of investor.

F&C disclosed the news to analysts at the group’s annual results presentation with the launches backed up by a pipeline of key intermediary distribution deals including one with Paradigm, the new adviser platform launched by Paul Hogarth, the former joint chief executive of Bankhall.

The portfolios will be designed to match asset allocations derived from Distribution Technology’s ‘Dynamic Planner’ risk profiling tool with the underlying funds selected by F&C’s multi-manager process and team headed up Richard Philbin.

The asset allocation on each fund will be rebased quarterly to reflect the appropriate risk profiles generated by Dynamic Planner. The four UK domiciled Nurs Oeic funds being launched are F&C lifestyle growth, balanced, cautious and defensive.

F&C head of global retail Nick Criticos says: “Even initially well constructed, balanced portfolios with the right asset allocation and a good choice of funds can drift over time into a shape that no longer meets the client objectives or risk profile. Combine this with the need to constantly monitor individual fund holdings in an industry where this year’s star could become next year’s dog and it is easy to understand the challenge faced by advisers to ensure that they do not inadvertently expose clients to undue risk. Against this backdrop, our lifestyle funds represent an important development for F&C’s fast-growing retail business and further demonstrate our solutions driven approach to working with financial advisers.”

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