Invesco Perpetual has launched the five-strong Summit Growth fund-of-funds range, which will invest in the wider group's active, factor-based, and passive capabilities.
The range will be managed around progressively higher risk targets, which enable advisers to match portfolios to their clients' risk profiles.
It has been launched to meet adviser demand for "lower-cost investment solutions that can cater to a variety of client risk tolerances and financial goals", the group said.
Summit Growth funds will have an OCF of between 60bps-80bps and a minimum investment of £500.
Each portfolio will blend funds from Invesco's active and passive equity, bond, alternatives and cash ranges, with allocation to each asset class varying according to risk requirements.
Compared to other funds-of-funds at the firm, the range will provide access to a much broader investment universe of Invesco's global capabilities and products, whether active, factor-based or passive.
The funds are managed by Nick Mustoe, Invesco Perpetual's chief investment officer, and team who will work closely with the Invesco Global Solutions team that provides the quarterly strategic allocations.
The three parts of the investment process are: fund selection to provide different sources of alpha and diversification; strategic asset allocation to provide the best blend of risk and return over the long term; and monthly tactical asset allocation to take advantage of market opportunities and manage risks over a one- to three-year time horizon.
Mustoe, who also manages eight open-ended funds and one trust at the firm, said the launch was an "exciting" development for the business.
"From an investment perspective, it is exciting to be able to take advantage of one of our key strengths as an organisation - our diversity of thought," he said.
"For us, it is a key differentiator that has real-world investment applications. It means that we can bring together very different investment approaches and styles that aim to deliver truly diversified sources of return for the benefit of our clients."
Chris Lyes, head of UK retail distribution at Invesco Perpetual, said: "We are extremely pleased to be launching the Summit range. We believe that we have built a compelling, client-focused investment solution that should make the lives of advisers, and their clients, easier by supporting them in the aim to deliver strong outcomes through the quality of our capabilities, and a great experience through the quality of our service."