In an eyebrow-raising move given current market conditions, Kingswood-owned discretionary MPS provider Iboss has announced a 90% equity offering set to launch on 1 November.
‘Passive Portfolio 8′ will be the ninth addition to Iboss’ passive MPS range and contains the highest exposure to equities of all of the asset manager’s offerings.
According to the firm, the launch of its latest MPS was led by adviser demand to cover as many risk options as possible.
Michael Heapy (pictured), senior investment analyst at Iboss, said: “Despite market concerns, many investors still maintain an appetite for risk in both our core and passive ranges. Given the popularity of our passive range this year and the feedback from our adviser firms, we decided it would be desirable for clients and advisers to expand our passive range. Covering a wide variety of client requirements is important to us, and adding a Passive Portfolio 8 will only increase this.”
In line with the rest of Iboss’s MPS offerings, the portfolio contains mostly passive and index funds, with a minimum of 15 and a maximum of 30 funds in each portfolio and an 8% maximum holding per passive fund.
