Evercore Pan-Asset unveils pair of products

Evercore Pan-Asset has launched two new risk-profiled funds after receiving FSA approval.

The PanDYNAMIC Defensive and Aggressive funds are based on Evercore's asset allocation process using index-tracking ETFs.

They sit alongside the group's existing Balanced and Growth Oeic portfolios.

Portfolio construction of the Defensive fund will typically comprise 90% in defensive fixed income assets and 10% in risk assets such as equities and property funds.

Meanwhile, the Aggressive fund will normally invest 100% in risk assets.

The minimum investment for both funds is £1,000.

Evercore Pan-Asset CEO Christopher Aldous says: "The first two PanDYNAMIC Oeics launched earlier this year have been extremely popular because they provide a professional asset allocation service at a low cost. Funds based mainly on ETFs are increasingly catching investors' imagination.

"The Defensive and Aggressive funds have been launched following demand from the market for an extended range of risk profiles.

"These new funds follow the same process as the Balanced and Growth funds and we expect them to be as successful. We are delighted to now be offering PanDYNAMIC funds spanning the full risk spectrum."

Evercore Pan-Asset was set up in 2007 and its founders include John Redwood MP.