Cornelian Asset Managers has launched its first passive multi-asset fund range consisting of five risk managed mandates, following adviser demand for a lower-cost investment option.
The risk managed passives (RMP) range will sit alongside the firm's existing active multi-asset range which is managed by a team including director Marcus Brooks and CIO Hector Kilpatrick (pictured).
The existing active range consists of the Cautious, Managed Income, Managed Growth, Progressive, Growth and Defensive funds.
The decision to launch a replica range using passive vehicles follows adviser demand for an extension of the firm's multi-asset approach, which uses real return objectives and different risk levels, to be used in funds using lower cost investments.
John Jackson, managing director for intermediary business, said: "Our existing multi-asset fund range has received several of the highest awards from third-party reviews and has become increasingly popular with advisers.
"We are delighted to have doubled the number of adviser firms supporting the range over the past year and we have now become an established name as an active multi-asset manager.
"The RMP range is ideally suited to those advisers and their clients who value the combination of real return targets and risk management, but who seek a lower cost option using a smaller range of asset classes and less active management in underlying assets."
The passive multi-asset funds will have an annual management charge (AMC) of 0.5% on the G share class, compared to the current active risk-managed funds, which have an AMC of 0.75% on platform.
Watch Hector Kilpatrick interviewed as part of our Investment Influencers here
The chairman isn’t answering his email
Reforms not enough
An economic cocktail
To encourage consumers to shop around
Will report to Pat Shea