Morningstar Investment Management (MIM) has launched a range of three multi-asset funds that will blend active and passive strategies to offer advisers low-cost solutions.
The CG Morningstar Multi Asset 40, CG Morningstar Multi Asset 60 and CG Morningstar Multi Asset 80 funds will target equity exposures of between 30% and 50%, 50% and 70%, and 70% and 90% respectively. MIM estimated the ongoing charges figure on the funds' retail share class to be around 60 basis points, with the range being mapped to Synaptic, Dynamic Planner, Defaqto and Finametrica risk profiles. Multi-manager equity allocation soars while cash slumps to pre-crisis levels Head of multi-asset portfolio management, EMEA Mike Coop told Investment Week the funds would benefit from ac...
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