Winterthur Life UK has added two Midas offerings to its managed fund selection within its Tailored Selection range. The funds are the first multi-asset portfolios on the platform.
The Midas Balanced Growth and Balanced Income funds will be available through individual pension policies and the group's Investment Bond.
Bernard Henshall, investment development manager at Winterthur Life, said the group has experienced demand for funds using more active asset allocation and alternative assets alongside the more traditional equities, bonds and cash.
He added that a key benefit of offering a wider selection of alternative asset classes is that it allows managers to seek performance within a stronger risk management process.
Established in March 2002 by Simon Edwards, formerly chief investment officer of the Merseyside Pension Fund, where the team ran over £3bn, Midas currently has around £20m under management.
The group's two funds invest directly in UK equities, gilts and investment grade debt, selecting third-party portfolios for overseas and smaller UK equities, plus other corporate debt, property and structured products.
The asset mix includes non-correlated classes outside the traditional equity bond split, providing the portfolios with an element of absolute returns.
Midas has also linked the funds to Canada Life and its offshore sister company in recent weeks as it seeks to expand its life office partnerships.
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