Rathbones expands multi-asset range
Rathbone Unit Trust Management Ltd (Rathbones) has launched two new multi-asset funds, as part of the Rathbone Multi-Asset Portfolio Funds (RMAP) range – the Rathbone Multi-Asset Defensive Growth Portfolio Fund and Rathbone Multi-Asset Dynamic Growth Portfolio Fund.
The funds will be managed by David Coombs and Will McIntosh-Whyte. They will be supported by investment specialist, Craig Brown.
The new funds have target returns of CPI+ 2 per cent (with less than half the volatility of the FTSE Developed index) and CPI +4 per cent (with less than five-sixths the volatility of the FTSE Developed index) respectively, over any five-year rolling period. Both will sit in the IA Volatility Managed sector.
The funds are actively managed and will follow the same proprietary LED* investment framework as the existing range, with a strong emphasis on managing risk. They will invest globally in a combination of government and corporate bonds, listed company shares, structured products and derivatives.
The Rathbone Multi-Asset Defensive Growth Portfolio Fund is aimed at lower-to-medium risk investors, whilst the Rathbone Multi-Asset Dynamic Growth Portfolio Fund is aimed at medium-to-higher risk investors.
The Rathbone Multi-Asset Defensive Growth Portfolio Fund and Rathbone Multi-Asset Dynamic Growth Portfolio Fund will have the same return target and risk budget of the ‘Balanced Strategy’ and ‘Equity Strategy’ currently offered through Rathbones’ MPS (Managed Portfolio Service). Currently, these two MPS strategies blend two of the RMAP funds, which will no longer be the case after the launch of the two new RMAPS funds.
Mike Webb, chief executive, Rathbone Unit Trust Management, says: “Following significant interest in these strategies from Rathbones’ MPS clients, we decided to create unitised versions for the wider market. For investors who do not require the additional services of our MPS offering, these new funds provide cost-effective access to target return profiles which complement the existing range of multi-asset portfolio funds.
“The Rathbone Multi-Asset Portfolios have a long track record and have proven their ability to deliver returns through different market conditions.”
David Coombs, fund manager, Rathbone Multi-Asset Portfolios, says: “With the availability of these strategies in a simplified fund structure, the Rathbone Multi-Asset Portfolio Fund range now offers advisers a multi-asset suite which meets the needs of the majority of clients, from lower risk profiles to higher, providing a comprehensive market solution. In tandem with our other multi-asset funds, these will invest directly and allow a far greater universe of investments and more tools to manage risk, than traditional model portfolios.”