Marlborough has expanded its multi-asset fund range to mirror its managed portfolio solutions (MPS) offering.
The firm’s multi-asset funds range has been expanded to six strategies, up from four, while the ‘Conservative, ‘Cautious’, ‘Balanced’ and ‘Global’ names will no longer be used.
The portfolios will instead adopt a numbered label from three to eight, reflecting the level of risk and reward targeted.
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Marlborough has also cut the funds’ charges, with an upper limit ongoing charges figure of 0.66% for its retail share class units.
Danny Knight, commercial director – intermediaries at Marlborough (pictured), said that while the MPS has grown in popularity with advisers, the firm recognises that the MPS structure can present a number of challenges and constraints.
“We’re launching our expanded multi-asset fund range because we’re seeing an increase in interest from advisers,” he said.
“Multi-asset funds can offer economies of scale, a significantly greater range of options for underlying investments and can be rebalanced far more quickly to seize on opportunities.
“In addition, there are important benefits relating to Capital Gains Tax when rebalancing outside a tax wrapper.
“All this leads us to believe that, while there’s still an important role for MPS portfolios, the market will evolve and that expertly managed, competitively priced multi-asset funds are likely to see a significant resurgence in popularity.”