City Asset Management (CAM) has launched its unitised discretionary portfolio offering on the Skandia platform.
The Elite CAM discretionary portfolio OEIC, which is divided into two risk-rated sub funds mirroring CAM's bespoke cautious and balanced portfolios, provide a discretionary investment solution for clients holding onshore bonds and pensions.
With a minimum contribution of £1,000, the funds invest in a range of asset classes including cash, bonds, property, equities, commodities and alternatives.
"It is our strongly-held view that no one fund manager can cater for a client's needs throughout a complete economic cycle," said CAM head of research James Calder.
"Equally, different asset classes may perform differently under similar market conditions."
Annual management charge is 1.5%. The benchmark for the cautious fund is CPI plus 2% and, for the balanced fund, CPI plus 4% for the balanced fund.
The risk rated funds are also available on other platforms including Transact, Elevate, Novia, Ascentric and Sanlam.
Baroness Altmann has said the government is handing the pensions industry “millions of customers on a plate” through auto-enrolment, but warned it was not about to raise minimum contribution rates.
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