Multi-tied network Openwork has launched four funds which will form the basis of a range of multi-asset model portfolios soon to be available via its investment proposition, Omnis.
The products include a UK fixed interest fund run by Threadneedle; an international equities fund managed by Thomas White International; a global fixed interest fund run by Schroders and an alternative strategies fund managed by Octopus Investments.
Along with previously-announced vehicles managed by Jupiter, Schroders and The Boston Company (BNY Mellon), the new funds will be blended to create three model portfolios - Cautious, Balanced and Adventurous - which, subject to Financial Services Authority approval, will launch in the second quarter of this year.
Philip Martin, proposition and marketing director at Openwork, said: "The expanded Omnis proposition will enable our advisers to access outsourcing solutions underpinned by some of the best fund managers in their respective asset classes both in the UK and abroad.
"We are particularly excited to offer the strong institutional capabilities of Thomas White to UK retail customers for the first time, as its expertise in international equities is second to none."
Meanwhile, Openwork said it also planned to add a fund of passive fund range to its Omnis proposition in Q2.
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