Quilter Cheviot has enhanced its managed portfolio service (MPS) with the launch of eight ‘building blocks’ funds which aim to reduce overall cost for clients and expand investment opportunities.
The eight funds include the MI Quilter MI Quilter Cheviot Conservative Fixed Interest Fund, MI Quilter Cheviot Fixed Interest Fund, and the MI Quilter Cheviot North American Equity Fund.
The ‘building blocks’ funds have been designed to provide specific geographic or asset class exposure.
The funds will be managed by Simon Doherty, head of MPS and Antony Webb, the deputy head of MPS.
Doherty said: “We see these changes as enabling greater sophistication in our portfolio construction process. Clients, for the first time, will benefit from the direct equity expertise of our 10-strong equity research team across certain allocations, while continuing to benefit from our award-winning investment fund research capabilities across others. The end result is an enhanced investment offering, which simultaneously reduces the overall cost of investing for clients.”
Quilter Cheviot will not charge a fund management fee for the running the funds. The changes result in a reduction in the weighted ongoing charges figure of the underlying funds of between 30% and 40%, depending on the strategy.