UBS Asset Management and True Potential Investments have launched a multi-asset fund range with a minimum investment of just £50 (€58).
The partnership has launched five products – defensive, cautious, balanced, growth and aggressive – which are aligned to risk profiles defined by Morningstar, and aim to deliver a balance of risk and return to meet investors' objectives.
The funds aim to manage volatility and “capitalise on opportunities for growth” by holding a diversified range of global assets, including smart beta funds. The globally diversified range has a “competitively priced” total expense ratio of 60 basis points.
Steve Hutton, head of UK & Ireland wholesale at UBS Asset Management, said that the fund range will unite the global reach, investment expertise and technology of True Potential Investments and UBS.
True Potential describes itself as using “technology to deliver financial services” and already has partnerships with firms including Goldman Sachs, Allianz, Schroders and Columbia Threadneedle.
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