Morningstar Investment Management Europe is launching fund versions of its most popular managed portfolio strategies.
The Morningstar Multi-Asset Fund Range will offer advisers access to three different risk levels with equity exposure ranges of 30-50%, 50-70%, and 70-90% complemented by lower risk and diversifying investments: Morningstar Multi Asset 40 Fund; Morningstar Multi Asset 60 Fund; and the Morningstar Multi Asset 80 Fund.
The funds will primarily invest in low-cost passive funds, but will also have the option to invest in high-conviction active funds. The estimated ongoing charges figure for the funds is 0.60% for the retail share class.
Morningstar Investment Management Europe head of multi-asset portfolio management for Emea Mike Coop (pictured) said a wide fund universe including ETFs would allow the team to access niche opportunities.
“With an asset allocation experience stretching back more than four decades, the funds provide investment exposures unavailable to most individual investors by not being limited to funds available on one platform.”
The funds are designed for UK investors seeking capital growth and some capital preservation over the medium to long term within a risk-managed framework, with Morningstar describing the risk profiles as moderately cautious, moderate, and moderately adventurous.
Morningstar’s Investment Management group runs more than $215bn (£161.3bn) as of 30 September 2020.
