LV= Asset Management (LVAM) is to launch a new portfolio within its multi-manager range for clients at the lower end of the risk spectrum.
LV= Managed Portfolio 3 will sit alongside Managed Portfolios 4 to 7 in LVAM's range of global, unfettered, multi-manager funds.
The fund will aim to generate income and long-term capital growth at the lower end of the risk spectrum by building a portfolio of fixed interest mixed with equity and property exposure, using funds from leading managers.
It will be managed by head of multi-manager and fund selection Tom Caddick and his team.
"The launch of LV= Managed Portfolio 3 builds on the success we have achieved with the existing LV= Managed Portfolios 4 to 7," LVAM head of product development and management Julian Thomas says.
"LV= Managed Portfolios 4 and 5 have been particularly popular and many of our key distributors inform us that clients go through the Dynamic Planner risk profiling process and emerge as suited to a relatively low risk level 3 solution.
"LV= Managed Portfolio 3 delivers that solution and will, we believe, give LVAM a competitive edge in the market against a continuing backdrop of market volatility and uncertainty."
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till