Omnis is a joint venture between the two firms, and has launched four multi-manager funds since July 2008. IFDS Managers acts as the authorised corporate director (ACD). The existing funds have combined assets under management of £100m.
The IFDS Omnis Distribution fund is the fifth addition to the range, and is a multi-asset, multi-structure multi-manager vehicle aiming to generate an income of 4% to 5% a year.
Its risk profile will be similar to those of funds in the Cautious Managed sector. It will invest in commercial property funds, convertible bonds, corporate bonds, gilts, infrastructure, private equity, and other income-producing vehicles.