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‘Pactive’ MPS from AJ Bell to invest 50% in own passive funds

AJ Bell has launched a new managed portfolio service blending actively managed portfolios with its own passive funds.

It is calling the option a ‘Pactive’ version of its MPS, and will invest half in its current set of activeley managed portfolios, and half in AJ Bell’s own range of passive funds.

The risk mapping will target the same six risk levels as the existing portfolios, which line up with assessments from third-party risk profilers like FinaMetrica, EValue, Dynamic Planner and Defaqto.

The underlying fund costs for the Pactive portfolios are between 0.37 per cent and 0.58 per cent, with an additional 0.18 per cent for management and 0.2 per cent for the platform.

AJ Bell chief investment officer Kevin Doran says: “Growing numbers of financial advisers are choosing to use managed portfolio services and the launch of our Pactive portfolios gives them greater choice and flexibility to meet a wider range of client needs.  Some will want exclusively active management and some will be fans of the passive approach but in the middle are those that want an element of active exposure with the cost control that passive investments can deliver.”



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