Wealth manager Caerus has appointed Mansard Capital to run its four risk-rated Dynamically Rebalanced Portfolio funds.
The mandate worth £130m will see a change in investment approach on the funds which the company says will reduce their total expense ratios by an average of 0.2%.
Instead of an approach employing the use of exchange traded funds (ETFs), the vehicles will now utilise index trackers.
Caerus investment director Ronan Kearney said: "The move from ETFs to indices enables Caerus to provide its clients with a product that offers exceptional value and performance."
The multi-asset Caerus funds were launched in 2011 and are aimed at a broad range of investors. They are available to Caerus advisers as well as externally through platforms Aegon, Prudential and Skandia.
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