Close Asset Management is rolling out two new suites of funds within its Close Discretionary fund range.
The Close Discretionary Multi-Manager funds and the Close Discretionary Passive funds are set to come to market in autumn.
Launched last September, the existing discretionary multi-asset funds sit within a Ucits III unit trust umbrella.
The sub funds comprise Bond Income, Conservative, Balanced, Growth and Dynamic portfolios.
These funds can invest in global equities, fixed income, sovereign debt, structured products, warrants, collective investment schemes, deposits and derivatives, with different weightings according to each fund’s risk profile.
The new multi-manager and tracker suites will mirror the investment objectives and risk profiles of the existing five-strong range.
Subject to FSA approval, the new fund ranges will launch with a minimum investment of £1,000.
Close is launching the two new suites as an extension of its open architecture proposition.
Close Asset Management’s chief investment officer Nancy Curtin says: “We believe investors have three common investment objectives; growth, income and capital preservation, and the best way to accomplish this is through global multi-asset class portfolios.
“We add value by selecting which markets to invest in and through individual investments in each asset class.”
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