News - Etfs
Boutique asset manager Evercore Pan-Asset has completed its risk-rated fund range with the launch of the PanDynamic Cautious Balanced and Cautious Growth portfolios.
The latest offering boosts the PanDynamic range to six risk-rated portfolios and one income product.
The two new portfolios, available on the Ascentric platform, are based on Evercore Pan-Asset's dynamic asset allocation process and use index-tracking ETFs.
The low-risk Cautious Balanced portfolio is expected to invest 70% in defensive fixed income assets and 30% in risk assets, while the Cautious Growth anticipates an investment of 40% in risk assets.
Both portfolios have a minimum investment level of £1,000 for retail investors.
The two new products join the PanDynamic Defensive, Balanced, Growth, Aggressive and Income models.
Evercore Pan-Asset Capital Management chief executive Christopher Aldous says take-up on the existing portfolios has been robust, with assets increasing strongly month-on-month.
He says Evercore's objective of delivering low-cost model portfolios and simple investment has struck a chord with the IFA industry and its clients, and that the PanDynamic models have performed well since launch last year.
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