SCM Private launches portfolios on IFA platform

The portfolios, managed by Alan Miller, were previously only available direct and to high net worth clients. SCM's products allow investors to invest in a combination of ETFs that are continuously actively managed. The company says this provides a third option away from the traditional active versus passive choice: the "actively passive". SCM is currently offering the Long-Term and Absolute Return Portfolios, which produced returns of 28.9% and 24.4% respectively over the last 17 months. SCM says investors can expect a typical 40% turnover per annum for the Long-Term Portfolio, and ...