Tilney Bestinvest has launched a global version of its multi-asset portfolio range.
The financial planning firm has launched five risk-graded multi-asset Ucits funds, which will build on the existing £1bn multi-asset fund range offered by the firm.
Managed by Gareth Lewis, chief investment officer at the firm, the Global Multi-Asset Portfolio range will replicate the existing funds but without the bias to the UK. The five funds will be Defensive, Income, Income & Growth, Growth and Aggressive.
Tilney Bestinvest says the new fund range is initially intended for international investors. The fund will be denominated in US Dollars, with future launches of sterling, euro and Swiss franc hedged versions planned.
Lewis says: “In recent years we have developed a number of relationships with firms supporting overseas investors, many of whom are expats who felt there was a gap in the market for a truly global multi-asset fund range avoiding any bias to UK capital markets.”
The annual management charge on the funds for retail clients is 1.5 per cent.