Although yet to be named, one of the funds will carry an income objective while the other will have an inflation plus target.
Scheduled for launch in the first half of 2012, they will be jointly managed by the multi-asset team, headed by Philip Saunders and Max King, and Alastair Mundy’s contrarian team.
The funds will fit under a sub-branded managed solutions range, separated from Investec’s existing ‘specialist’ funds such as its commodities, emerging market debt and country-specific equities vehicles.
Five outcomes
UK managing director, David Aird, said the new funds would complete a five-strong managed solutions range, with each vehicle focused on a specific outcome. The income and inflation plus funds will sit alongside existing funds aimed at capital protection (Multi Asset Protector), capital growth (Managed Growth), and income & capital growth (Cautious Managed).
“The specialist fund range will be ideal for portfolio constructors and the managed solutions range will be ideal for IFAs looking for high quality off the shelf solutions,” he said.
“Our managed solutions fund range will be risk rated but the risk ratings will be an outcome not a pre-prescribed objective.”
The hybrid multi-asset funds will invest across internal and external funds as well as passives. However, in keeping with one of RDR’s key objectives – to keep charging fair – the TER of the funds will be kept between 85bps and 90bps.
How does Investec’s plans compared to other providers’ RDR solutions? Let us know your views.
