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Strategic model for Barclays ETF funds

Barclays Wealth has launched its global markets proposition of five risk-rated funds that invest exclusively in exchangetraded funds.

It says the UK-domiciled Oeics offer ultra-low fees and tap into the trend in the IFA market towards outsourcing asset allocation work.

This is Barclays Wealth’s first foray into running open-ended funds, having previously only offered structured products.

The funds will invest mainly in iShares ETFs based on developing and emerging equities, all bond asset classes, alternatives, real estate and commodities.

The funds will have an annual charge of 1 per cent, with the total expense ratios expected to range between 1.35 and 1.65 per cent based on risk rating. Initial commission for IFAs will be 4 per cent. Allocations in each fund will be in line with a new strategic asset allocation model.

Director Tony Lanser says: “We spent a lot of time and resources developing the new strategic asset allocation model. It is based on a tracking error methodology.”

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