Asset supervisor Premier Miton is to launch a managed portfolio service by the tip of the month.
It’s going to provide two actively managed portfolio ranges, the Index rang and the Mix vary.
Every vary will consist of 4 portfolios and can utilise the funding strategy of Premier Miton’s multi-manager workforce, headed by Ian Rees.
The asset supervisor mentioned it was launching its personal MPS because of growing demand from advisers.
Jonathan Wilcock, international head of distribution at Premier Miton, mentioned: “We’re seeing growing demand from advisers for value efficient funding options that use the structure of established funding platforms while tapping into the diversification advantages of multi-manager investing.
“We’ve mixed one of the best of each worlds by offering entry to our multi-manager workforce’s a long time of funding expertise and experience, inside an MPS framework.”
The multi-manager Premier Miton Liberation funds type a core a part of every Mix portfolio, to supply entry to extra specialist investments not usually accessible on platforms or by way of an MPS.
The actively managed Index portfolios will encompass index funds chosen by the workforce utilizing the identical funding strategy.
The portfolios have goal OCFs (ongoing costs determine) of 0.25% and 0.45% for the Index and Mix portfolios respectively.
Premier Miton expects the portfolios to be out there throughout a number of funding platforms.
The asset supervisor hit the headlines in 2022 when it withdrew from acquisition dialogue with rival River & Mercantile. Premier Miton mentioned it had concluded that there was inadequate industrial advantage to make a proper acquisition proposal.
