The Tenet Group has launched its new fund of funds investment business, Sinfonia Asset Management.
Sinfonia utilises a risk-based asset allocation, providing six OEIC sub-funds operating on a fund of funds basis.
The funds can be purchased through ISA and SIPP wrappers and will be available through a number of platforms and product providers.
FundQuest has been chosen as the investment manager, actively in charge of asset allocation and fund selection for each sub-fund within the OEIC. Investment Fund Services Limited (IFSL) will be the authorised corporate director.
The six sub-funds are:
- IFSL Sinfonia Income Portfolio
- IFSL Sinfonia Income and Growth Portfolio
- IFSL Sinfonia Cautious Managed Portfolio
- IFSL Sinfonia Diversified Target Return Portfolio
- IFSL Sinfonia Balanced Managed Portfolio
- IFSL Sinfonia Active Managed Portfolio
Tenet Group chief executive Simon Hudson says the Sinfonia has taken just nine months from concept to launch.
“We have drawn on our experience in the IFA market to produce a proposition that is more than just a new fund offering, but provides complete end to end support to the IFA and client throughout the investment advice process,” he says.IFAonline
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