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Midas funds added to Selestia platform

Midas Capital’s CF Midas balanced income and balanced growth funds have been added to the Selestia platform.

The funds recently attained a three-year track record.

Existing distribution links with Canada Life and Winterthur have boosted the company’s profile among the IFA market and, in August, Midas took £13.2m in new investments across the two funds, which it says is higher than usual.

Selestia was keen to offer the two funds in response to IFA demand and believes the portfolios will provide grea- ter choice for advisers using the platform.

Midas Capital runs the funds in a hybrid multi-manager style, selecting the UK equity and fixed-interest elements of the portfolios in house while outsourcing overseas equities and alternative asset classes to third-party managers by buying external funds.

The company regards the Skandia link as an important stage in its distribution strategy as a larger number of IFAs will be able to access the funds.

Midas head of business development David Thomas says: “Selestia has been aware of Midas for some time and we are delighted it has recognised the increasing aware- ness of our funds among the IFA community.”

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