Canada Life Investments has launched five risk-rated multi-asset portfolios for the UK retail market.
The funds will invest globally across asset classes, allocating predominantly to in-house funds, but using passive vehicles where an internal fund is not available. The funds will be managed by David Marchant (pictured).
Asset allocation will be determined by Distribution Technology's risk profiles, with the portfolios aimed at medium to high-risk investors rated between three and seven.
The lowest risk portfolio will allocate 10% to cash, 56% to fixed income, 26% to equities and 8% to UK property. This compared to the highest risk portfolio, which will invest 90% in equities, 5% in UK property and 5% in fixed interest, with nothing in cash.
The asset allocation for each fund will be provided by Distribution Technology and the manager will review this daily and rebalance if needed.
Marchant said: "We have already successfully managed these products in our life range, and this is what investors are asking for.
"The funds provide advisers with simplicity, significant time savings, and the peace of mind the funds will remain suitable for their clients' risk appetite."
The group has managed risk-profiled portfolio funds in its life and pensions range for over five years, and the retail funds will have a similar investment style.
Frank Maret, head of distribution, added: "Our aim is to provide advisers and discretionary managers with investment solutions, and part of this is through mixed asset funds."
The funds will sit in the relevant IMA mixed investment sectors and the clean share class will be priced at 0.675%.
In the coming year, the group plans further fund launches in the multi-asset space in response to demand for such solutions in the post-RDR world.
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Lifetime and annual allowances