Four fund managers have been drafted in to manage the funds, which form part of the Omnis investment proposition. Schroders will head up the Global Fixed Interest Fund, Threadneedle are to manage the UK Fixed Interest Fund, and Octopus Investments and Thomas White International have been awarded the Alternative Strategies and International Equities mandates respectively.
The Omnis investment arm already includes a US Equities Fund (managed by the Boston Company – BNY Mellon), a UK Equities Fund managed by Schroders and an Emerging Markets Equity fund, looked after by Jupiter. The range will be blended to create three model portfolios, a cautious, balanced and adventurous offering, which will launch in Q2 2013.
A fund of passive funds range is also scheduled for launch in Q2.
Philip Martin, proposition & marketing director, Openwork said: “The expanded Omnis proposition will enable our advisers to access outsourcing solutions underpinned by some of the best fund managers in their respective asset classes both in the UK and abroad.
“Crucially, we have been able to leverage our scale to secure these best-of-breed solutions at a lower cost than would be available elsewhere in the market, and as such we believe Omnis now represents an even more compelling investment proposition for advisers and their clients.”