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LV= creates mid-risk range for Lighthouse

LV= Asset Management has brought out four Oeic sub-funds which will be distributed through Lighthouse Group.

The funds will be run by the LV= multi-manager and fund selection team led by Tom Caddick who joined last year from F&C. They will use the dynamic planner risk-profiling tool and will target investors with mid-range risk profiles. The funds will have a total expense ratio of 1.8 per cent at launch.

Caddick says: “This is a very positive step forward for our broader retail asset management plans.”

Lighthouse Group joint chief executive Allan Rosengren says: “These four funds will prove to be excellent additions to our advisers’ product offering. We place a great deal of value on our independence and ability to offer clients choice, so we look forward to working with LV= in its continued development of this area of its business.”

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