The IFDS Omnis cautious, balanced and advanced multi-asset funds will invest in collective investment schemes and stocks and shares.
Omnis Investments was created following the strategic tie-up between Octopus Investments and Openwork. The group says it will cut costs below the average across the multi-manager market.
The funds, which have been designed specifically for the risk/rewards needs of Openwork’s network of 2,500 advisers, can invest in both active and passive portfolios.
Octopus Investments created the funds in tandem with global consultancy firm Mercers. The cautious, balanced and advanced funds will look to offer capital growth of 2.5, 3.5 and 4.5 per cent respectively, above normal cash rates.
The funds will be managed by Lothar Mental, director of multi-manager funds at Octopus. He will be assisted by fund managers Bish Limbu and Colin Lunnon.
Octopus managing director Guy Miles says: “This new multi-manager fund range really does champion best value for retail investors. It also provides investors with one of the few opportunities to gain access to the full return benefits typically associated with investment in the broader global markets and is targeted at delivering specific returns.
“Historically, the costs associated with multi-manager funds and a more rigid risk/reward structure, have prohibited many retail investors from benefiting from this approach to investment. The IFDS Omnis Fund Range is not only tailored to meet the desired level of risk of each investor but will ensure they can reap the full rewards from the money they invest.”