Evercore sees strong IFA demand for funds using ETFs

The firm says it will add two further funds alongside its existing range, which were launched in March this year, to complete its risk-profiled OEIC fund offering. The PanDynamic Defensive and Aggressive funds use index-tracking ETFs to implement Evercore's dynamic asset allocation process. Evercore Pan-Asset Capital Management chief executive Christopher Aldous says: "Our mission as a business is to drive down the costs of investing, to allow investors to take advantage of market gains without having their profits nibbled away by layers of cost from market participants." The lates...