Scottish Widows has launched a new range of multi-asset funds in response to demand for “simple low cost portfolio in a box solutions”.
The Managed Growth Funds aim to help customers support their long-term investment goals.
The risk-rated portfolios come with an ongoing charges figure of 0.10 per cent.
Kevin Doran, chief investment officer at Scottish Widows, said: “We know investors are increasingly looking for simple, low-cost, ‘portfolio in a box’ solutions that are easy to understand and explain, backed by a trusted brand.”
The five funds are managed by the team behind Scottish Widows’ multi-asset £72bn workplace default fund.
They will be available from Lloyds Bank, Halifax and Bank of Scotland via the Ready Made Investment offering or blended with options on the Scottish Widows adviser platform.
All are also available through pension, Isa and GIA wrappers.
The funds are diversified across global equities, bonds, and liquid alternative asset classes including Reits and are “dynamically managed”.
The funds are also independently risk-profiled and have ESG considerations are embedded into the process.
Doran added: “Our heritage in the workplace pensions market — where we manage over £100bn of investments for more than six million customers — allows us to leverage our purchasing power on behalf of customers and advisers alike, marking our return to the to the retail investment space and setting a new benchmark for others to aspire to.”
tara.o’connor@ft.com
What’s your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com