Selestia has added 25 new funds, including fund manager Williams De Broë, to its fund supermarket platform.
Williams De Broë Assetmasters' four retail funds (Balanced, Cautious, Growth and International Growth) were added alongside funds from existing fund managers like Allianz, Investec and Threadneedle, bringing the total number of funds available to over 800.
Williams de Broë, as part of the ING Banking Group, is one of the UK's longest established financial institutions. The Williams De Broë Assetmaster fund has approximately £90m of funds under management. All four of its retail funds were launched on 16th February 2004. Assetmaster is an offshore fund company, domiciled in Dublin.
Bentley adds: "The Williams De Broë funds were particularly useful as they were the first 'fund of funds' to become fully authorised under the Ucits III legislation. This Ucits III status also permits the funds for investments into Peps and Isas."
This is the second tranche of funds Selestia has added to its platform recently. Last month the group added 28 funds, including new fund manager Wise Investments, which had its CF Wise Active Growth and CF Wise Active Investment funds added to the platform.
Selestia has also announced a new partnership with specialist adviser group Park Row. This is the first time the group has endorsed the use of a specific fund supermarket.
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