View more on these topics

OMGI to launch Old Mutual Creation Portfolios

Portfolio-Bonds-Investment-Business-700x450.jpgOld Mutual Global Investors is relaunching its risk-targeted Old Mutual Spectrum funds with a new higher-risk portfolio and lower fees.

The overhauled range will be called the Old Mutual Creation Portfolios “to reflect its utility as a solution for accumulation” and will launch in July 2017.

Following a review of the range, the higher risk Old Mutual Creation Adventurous Portfolio will come to market while funds with similar investment objectives and risk profiles will be merged, subject to shareholder approval. Old Mutual Spectrum 5 will merge into Old Mutual Spectrum 6 and Old Mutual Spectrum 8 will merge into Old Mutual Spectrum 7.

OMGI says it wants to give manager Anthony Gillham “greater flexibility with which to achieve the investment objective of each portfolio” while offering investors the option to invest in a higher risk portfolio.

The portfolios’ investment objective will broadly remain the same but will be amended to clarify that they target capital growth over the long term to a maximum volatility level.

Currently, the Spectrum range invests mainly in other funds, but the new rage will have fewer holdings in collective investment schemes, and these will be limited to OMGI funds and a select number of third party mandates. The restrictions on the use of derivatives have also been reduced.

A fixed ongoing charge pricing structure will replace the existing combined fees and costs of the AMC, the administrative costs and the ongoing costs of investing in other collective investment schemes, and will be lower than the current OCF.

The latest changes are part of an evolution of the group’s multi-asset range that has been taking place since the Old Mutual Wealth multi-asset unit was created in October 2015. This has included the re-launch of OMGI’s decumulation product, the Old Mutual Generation Portfolios, in October 2015 and the launch of its flagship Old Mutual Compass Portfolios, in April 2016.

Anthony Gillham, co-investment director, Old Mutual Wealth multi-asset unit, says: “In pursuit of our aim to offer a varied suite of solutions that meets investor needs, we have worked closely with our clients and financial advisers to ensure our multi-asset range is aligned with investor expectations. We are excited to unveil the Old Mutual Creation Portfolios, believing this change will not only benefit existing clients, but also enhance and simplify our entire suite of multi-asset accumulation solutions.”


Credit Suisse First Boston – Global Titans Tessa Plan

Monday, October 22, 2001.Type: Capital protected Tessa only Isa.Aim: Growth.Minimum-maximum investment: £5,000-£9,000.Investment choice: 100 per cent in shares listed on the Dow JonesGlobal Titans index.Term: Five years.Guarantee: Capital returned in full at end of term.Return: Up to 55 per cent at end of term.Catmarked: No.Closing date: January 31, 2002.Charges: None.Commission: Initial 3 per cent.Tel: 0870 […]

TSC member calls for clarity over Goldman Sachs tax deal

Treasury select committee member Chuka Umunna is calling on HM Revenue & Customs to release information about a tax settlement arrangement with Goldman Sachs which he says saved the investment bank £10.8m. Goldman Sachs struck a deal with HMRC in 2010 after a long running dispute and was let off interest on 10 years of […]

£1.6Bn war chest as Resolution seeks more acquisitions

Resolution plans to grow its protection proposition and may set up a shareholder-owned annuity company in 2007 to retain vesting pension funds.It remains on the look out for acquisitions despite revealing recently that it is no longer in talks with rivals about a possible trade sale.The group has an estimated surplus of £1.6bn for acquisitions […]


Signs of an M&A Boom?

Mark Martin, Head of UK Equities, Neptune After a quiet year for M&A in 2016, UK equities have been bolstered by increased deal activity year-to-date. Neptune’s Mark Martin explains why he believes M&A could continue to drive the outperformance of small and mid-caps in the coming months. Read article here:   Important information Investment risks Neptune […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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