Quilter closes lowest risk Compass fund

The range recently celebrated its five-year anniversary

Quilter Investors (QI) has closed its lowest risk portfolio within its Compass range after it dropped to $7.8m in AUM.

Compass 2's closure followed "a regular review" of QI's product range, a spokesperson said. "This is the lowest risk level portfolio available in the Compass range, and we have typically found international investors to have a higher appetite for risk, hence the reduced demand we have seen at this lower level," he said. Quilter Investors adds Patel and Chorley to Cirilium range The Compass range, which recently celebrated its five-year anniversary, will now consist of Compass 3, Compass 4 and Compass 5. The £158.8m Compass , will become be the lowest risk portfolio of the range....