A pair of new strategies have been launched by Quilter Cheviot on adviser platforms.
The new 'cautious' and 'defensive' portfolios were announced today (November 21) and are available on platforms immediately.
They join the five other strategies offered by the firm's managed portfolio service, which are: conservative, income, balanced, growth and global growth.
The cautious strategy was previously available through Quilter Cheviot whereas defensive is a totally new strategy available via custody or on platform.
Cautious invests predominantly in fixed interest holdings, with around 20 per cent held in equities.
The defensive strategy will hold about double the level of equities, around 40 per cent, with the other 60 per cent being made up of fixed interest and alternative investments. It aligns with Defaqto’s risk profile 4.
Quilter Cheviot's MPS, managed by Simon Doherty and Antony Webb, is where the range exclusively sits.
Doherty, head of MPS, said: “Particularly in this market where fixed income and ‘safer’ assets are looking increasingly attractive and the economic picture is clouded, clients need and deserve the widest range of choice possible to help make their investment decisions.
"With managed portfolios becoming increasingly popular, it is important that existing and potential clients have the options most suited to their needs.
“We are really pleased to be bringing two new strategies to advised platforms, and in the case of Defensive introducing an entirely new option.
"This really helps us fill a gap in our range and provide a portfolio at appropriate levels of equity exposure. We are excited to work closely with advisers and their clients to offer a wide range of portfolios at what is an intriguing point in markets.”
The MPS uses what it calls a 'building block approach' with each of the eight blocks representing a fund with specific geographic or asset class exposure, and invests in a combination of direct equities, bonds or external fund holdings, providing clients with a solution that is more agile and lower cost than one with a traditional funds-based approach.
The strategies will have an annual management charge of 0.25 per cent on platform, with weighted underlying fund costs of 0.22 percent for the cautious strategy and 0.37 per cent for the defensive strategy.
tara.o'connor@ft.com
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