Premier is offering three new funds in its private client portfolio range.
Defensive growth, alternative strategies and worldwide growth have been added to widen the number of underlying funds to seven. The funds are in the 10 risk-rated portfolios managed by Premier for its private client range. The portfolios are risk-rated between one and seven.
Premier mixes its funds to create a risk-rated profile. For example, the cash fund, which is risk-rated one, is comprised solely by the UK money market fund. The growth plus portfolio, which is risk-rated six, invests across the alternative assets, worldwide growth and enterprise funds.
Premier’s private client portfolio has £250m of assets under management.
From January, investors will also be able to hold the physical fund within the DFM range rather than holding the assets directly. As Premier is taking its charge from the fund, investors will save the VAT that would normally be added to the usual DFM charge levied.