Old Mutual delays Select range for model portfolio launch

The range - a restricted offering of 23 mandates from ten fund groups alongside Old Mutual's in-house funds - was due to launch this autumn. However, the launch has now been postponed until Q1 2014 as the group develops a suite of portfolios built from the sub-advised funds. Advisers will still be able to build their own portfolios from the Select range, including funds from Invesco Perpetual, BlackRock, Aberdeen and Schroders, which is expected to be offered at a significant discount. But the group has also turned its attention to a full model portfolio service in response to adviser de...