Discretionary manager Beaufort Investment is wading into the multi-asset space with a pair of fund launches, which its chief executive has hailed as the next step in the company’s evolution.
The DFM announced on Monday it has launched an open-ended investment company, comprising two sub-funds – the Multi-Asset Blend Balanced Fund and Multi-Asset Blend Growth Fund.
The funds will be managed by Beaufort’s investment team which has looked after its model portfolios since its inception in 2004.
More multi-asset funds coming down the pike
CEO Derrick Dunne said launching an open-ended investment company is “the next step in our evolution” and will build on the success of its model portfolio service. Beaufort currently manages £1bn in assets across its 42 model portfolios.
Dunne said the company plans to launch more sub-funds in “due course”.
“Clients will gain from lower fees, a wider investment spectrum and more efficient tax management and trading,” said Dune. “Our advisers and their clients will receive monthly reporting with full look through on the underlying investments.”
The funds will be distributed through financial advisers, intermediaries and will be available directly. Both will charge a 1% fund management fee.
The Multi-Asset Blend Balanced fund will have a neutral equity weighting of 50%, which can deviate between 40% and 60%, while the Growth fund will have a higher tolerance for risk with a neutral equity weighting of 80% that can go as low as 70% or as high as 90% of the portfolio.
The remainder of the funds will be split across a variety of asset classes, including bonds, property and alternatives.
Beaufort Investment is part of the vertically integrated group Beaufort, which also includes IFA network Beaufort Financial and Beaufort Capital Solutions.
