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Newscape launches risk-targeted multi-asset fund

Newscape Capital Group has launched the Newscape Diversified Growth fund, the second Ucits fund for the specialist investment firm.

The fund, which follows the launch of the Newscape Strategic Bond fund in November 2010, will be managed using its model portfolio service and will aim to achieve a “consistent double-digit return with single-digit volatility over the longer term”.

Head of sales Luke Burdess describes the fund as having a “balanced plus” mandate and is targeting fund allocators, discretionary managers and pension funds.

He says: “The strategy is based on a rigorous quantitative and qualitative portfolio construction process with a high degree of focus on risk management, in particular controlling maximum loss over any period while targeting consistent levels of growth.”

The model portfolio service is headed by Richard Bonor-Moris, while head of fixed income Charlie Kerr and chief investment officer Philippe Bonnefoy will oversee bond and equity risk allocations, as well as currency and hedging overlays within the fund.

Chief executive Stephen Decani says the RDR share class has a £250,000 minimum investment and a 0.75 per cent annual charge.

He adds: “This is an RDR clean share class with no trail and the high minimum is institutional level, but also on the basis that we expect to do most intermediary/wealth management business through platforms where the initial minimum will not be an issue.”

Hargreaves Lansdown head of research Mark Dampier says: “Newscape will have to make sure they differentiate themselves in the marketplace as there are now a number of multi-asset funds out there. They will also have to ensure the fund does what it says on the tin in a variety of market conditions.”

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