SCM Private launches ETF portfolios on Ascentric

The firm says its active model portfolios have outperformed 85% of comparable funds, while the use of ETFs provides a significant reduction in costs, which can be up to 53% less than in traditional funds. The models newly available on Ascentric are trading at 0.75%, plus VAT, reducing down to 0.50% for investments above £10m, with SCM waiving their performance fees via the platform. Buying on Ascentric also allows clients to buy into SCM's portfolios at a level below the firm's direct minimum investment requirements, and to hold investments in their own name. SCM's assets under man...