Invesco has launched a discretionary model portfolio service to the UK market – a range of six investment portfolios spanning different risk levels and managed by various fund management firms.
The service is offered for an annual charge of 0.1% and each portfolio in the model portfolio range comprises, on average, 22 funds.
Invesco said the broad variety of asset classes and geographies are blended to achieve high levels of diversification.
The portfolios in the service will be co-managed by Ben Gutteridge and David Aujla, and whilst Invesco funds will be included, will predominantly be invested in funds managed by other firms.
The Invesco Solutions team, part of the multi asset strategies group, created the Invesco Discretionary Model Portfolio Service and has over 80 investment professionals behind it who manage over $75 billion in client assets.
Gutteridge said the firm had worked with advisers to better understand the challenges the advisory community faces.
Owen Thomas, head of UK wholesale at Invesco, said: “This is an exciting addition to our range of investment solutions, a natural build on our existing Advisory model proposition and Summit range of risk-targeted multi-asset funds.”
The lowest risk fund is the Invesco Managed Cautious Portfolio, which targets between 25%-55% of global equity volatility.
There are also balanced portfolios and a growth portfolio in the range.
Invesco’s range of investment solutions utilise the firm’s first digital distribution channel, an “innovative and market leading” adviser-focussed portal called Basecamp, which was first developed for the 2019 launch of Invesco’s advisory model portfolio service. Basecamp allows account holders to view the entire range and get personalised model data and due diligence support.
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