Morningstar Associates Europe, the independent investment research provider, is launching a range of model portfolios for advisers to help them select appropriate funds for clients.
Selected funds are organised into core, building block, specialty, and fixed-interest categories.
"Core" funds are targeted for smaller investment portfolios and can be used as a sole investment for a client, while "building block" funds are best used in the assembly of a portfolio.
Morningstar investment consultants will continually review the funds included on the Premier List, which will be updated quarterly.
Meanwhile, risk-adjusted model portfolios made up from funds on the Premier List will be available in June.
The five broadly diversified model portfolios will be based on five asset allocation models: very conservative, conservative, moderate, moderately aggressive, and aggressive.
IFAs will be able to access the portfolios through Morningstar Adviser Workstation, the company's web-based investment planning platform.
"The Morningstar Portfolio Selections service combines Morningstar's global data resources with our London-based team of investment consultants who employ proprietary fund research and selection methodology to construct the Premier List of funds," says Joe Grause, director of international investment consulting for Morningstar Associates Europe.
"This new service provides IFAs with a top-notch selection of funds across the UK fund universe, to help build well-diversified portfolios for their clients. In addition, the model portfolios that will be available later this year will provide IFAs using Adviser Workstation with a risk-adjusted range of models, offering IFAs with more complete solutions to present to their clients."
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