SEI has launched an Income multi-manager portfolio aimed at the intermediary market. The portfolio...
SEI has launched an Income multi-manager portfolio aimed at the intermediary market.
The portfolio, which will be sold through online fund supermarket Selestia, will be split approximately 60% in equity funds, predominantly UK equities, and 40% in fixed interest funds.
The managers contracted by SEI to manage the portfolio according to strict mandates are Goldman Sachs, Liontrust, Acadian, Jardine Fleming, Alliance Capital and Deutsche Asset Management, LSV and Indian Asset Management.
As well as its availability through Selestia, SEI seeks to sell its services through partnerships with IFA firms. Commission for partner firms is between 0% and 4% with a 0.6% trail commission and an annual total expense ratio of around 1.68%. SEI's initial charge is 1% on top of IFA commission.
For further details visit www.selestia.com or call Teresa Smith at SEI on 0207 5188974.
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