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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.”


Openwork embarks on series of strategy meetings

Openwork CEO Martin Davis is to holding a series of adviser meetings across the UK to cover the network’s strategy and future business structure. The meetings started on September 22 and cover eight venues across the UK, including Warrington and Bristol. The final venue is the Village Hotel, Newcastle on October 13. Openwork recently acquired […]

Graham Hooper

The death of Difs?

Distributor influenced funds have been with us for decades. In the 1980s, they were called broker bonds and generally involved IFAs managing unit trust funds under the umbrella of an investment bond. Performance was mixed, the charges were high (north of 2 per cent in many cases) and were tax-inefficient for most clients as the […]

Liontrust plans fund merger and rebranding across range

Liontrust is planning to merge its First large-cap fund into its First growth fund as part of a range of changes. The company has asked for investors to support the merger of the £22m First large-cap fund, managed by Gary West and James Inglis-Jones, into the £116m First growth fund, which is run by Anthony […]


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