View more on these topics

IO Investors to target UK IFAs with fund duo

Manager-of-manager provider IO Investors is set to introduce two new unit trusts in April in to the UK IFA market.

The South African firm launched in the UK this month under the new brand of IO Investors. Until now, it has run under the Gensec International Asset Management brand.

The two new funds – the global balanced and global equity funds – will invest in a combination of IO&#39s 16 manager-of-manager funds, which are part of a Dublin-based umbrella fund.

Fund managers which manage money for IO include Lombard Odier, Putnam, and Merrill Lynch Investment Managers.

Unlike other manager-of-manager providers such as SEI, which have focused on high-net-worth investors, IO says it intends to target the entire spectrum of intermediary clients. Its two funds will have relatively low minimum investment limits, qualifying for both Isa and Pep transfers.

The firm, which has around £2bn under management since its launch in South Africa three-and-a-half years ago, is part of the Punter Southall Group, which owns consulting actuary Punter Southall & Co.

Director of intermediary business Gary Flowers says: “In composing bespoke solutions, our $3bn under management has given us the scale and scope necessary to develop a comprehensive range of investment products and techniques.

“Our experience of manager-of-manager funds predates the current trend by several years. You could say that we have been the industry&#39s best-kept secret.”

Recommended

NPI set off on income drawdown roadshow

NPI is hosting a series of income drawdown seminars for IFAs throughout December to help them keep abreast of what it sees as a growing market.The seminars are designed to explain the product to IFAs who are new to the market and give technical details to those already familiar with drawdown.

FSA probes IFAs justifying GPPs over stakeholder

The FSA is examining IFA letters justifying group personal pension recommendations under the “at least as suitable as stakeholder” rule amid concerns that advisers are not giving satisfactory reasons for shunning stakeholder.Speaking at a Money Marketing conference in London this week, FSA group manager (investment business policy) Norman Digance said there was a question mark […]

Wyman welcome but too late

The Oliver Wyman report commissioned by the ABI is now informing the world of the facts that the world already knew. It is very welcome nevertheless.A huge number of people have already been disenfran-chised from financial advice that was perfectly adequate for their own and their families&#39 financial needs.Home-service agents have disappeared. Rafts of advisers […]

Before the flood

Most people like a small flutter such as backing a horse in the Grand National. If they win, great. If not, it does not really matter, the stakes involved are not high and it is unlikely to make a big difference to their lives.Each year, however, millions of households take a much bigger gamble and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com