Morningstar IM launches range of multi-asset funds

The CG Morningstar Multi Asset 40, CG Morningstar Multi Asset 60 and CG Morningstar Multi Asset 80 funds will target equity exposures of between 30% and 50%, 50% and 70%, and 70% and 90% respectively. MIM estimated the ongoing charges figure on the funds' retail share class to be around 60 basis points, with the range being mapped to Synaptic, Dynamic Planner, Defaqto and Finametrica risk profiles. Head of multi-asset portfolio management, EMEA Mike Coop told PA'ssister title Investment Week the funds would benefit from access to Morningstar's equity, credit and private asset research...