Artemis is to open up its underlying funds of funds (Fofs) to the intermediary market on 1 October...
Artemis is to open up its underlying funds of funds (Fofs) to the intermediary market on 1 October.
Up to now, the funds have only been available via the group's Premier Funds Service (PFS), run by investment director Aidan Kearney.
The service has eight underlying Fofs, five of which are branded Multi-Manager and invested in single markets or themes. These are UK Growth, UK Equity Income, International Growth, Fixed Interest and Ethical.
The other three funds, Portfolio Balanced, Portfolio Growth and Portfolio Conservative, are in the Balanced Managed, Active Managed and Cautious Managed sectors respectively. All eight will be available for Pep and Isa money.
Nick Wells, product and communications director at Artemis, said the three portfolio funds will appeal to investors who want to take a relatively simple approach to investment. Artemis said the move has been as a result of intermediary pressure.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till