Discretionary fund manager (DFM) Copia Capital Management - part of the Novia group - has reported its first annual performance figures since it began trading a year ago, which show it has beat The Investment Association (IA) industry sector average across all ten risk models.
The DFM, which launched at the end of 2013, offers ten risk-rated model portfolios which utilise active asset allocation to low cost passive investments such as tracker funds and exchange traded funds (ETFs). The portfolios sit alongside the wide range of existing third-party DFM portfolios already offered via Novia. Copia head of investment Evrin Erdem said: "These results show that our active asset allocation as driven by our quantitative strategy, coupled by our choice of good-value-for-money passive instruments delivered this outperformance for our investors. "Take for example ...
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