.jpg)
The latest in investment offerings, financial products and other services relative to wealth advisors and their clients.
7IM, M&G
7IM has just announced
that its model portfolio (MPS) range is available on M&G’s
wealth platform. This will expand M&G’s MPS offering and
increasing the options available to advisors to meet their
clients’ needs.
The range consists of its active, blended, passive and
responsible choice model portfolios, managed by 7IM’s investment
management team. The portfolios invest in a diversified range of
assets, which are managed to optimise returns, the firm
said in a statement. There are also rigorous risk management
procedures applied to all the portfolios, covering a range of
risk profiles from cautious to adventurous plus to cater for
different investor risk appetites.
The annual portfolio fee of the 7IM model portfolios starts at
0.15 per cent for the passive range, the firm added. The range is
also available to advisors through 7IM’s own platform as well as
others, including abrdn, Quilter and Transact.
LGIM
Legal &
General (Unit Trust Managers) (LGUTM) has proposed
to overhaul its investment strategy for the L&G UK
Property Fund (PAIF). Most of the £1.2 billion ($1.5
billion) fund is invested directly in UK property but L&G
aims to put nearly half of the portfolio into global
real estate investment trusts (REITs). The new hybrid strategy
will enable the fund to offer daily liquidity to its
investors.
The proposed asset allocation would be 45 per cent UK direct
property exposure, providing continuity with the fund’s existing
direct property strategy; 45 per cent global REITs and 10 per
cent cash, the firm said in a statement.
The proposed changes will provide investors with access to the
L&G PAIF management team, led by fund managers Michael Barrie
and Matt Jarvis. The new structure aims to maintain investor
demand for access to a daily dealing property fund.
Shareholders are set to approve the proposal at a meeting on
10 April.
“Relative to other asset classes, we feel that the UK property
sector remains an attractive diversifier in any balanced
portfolio, and is well positioned for investors with long-term
horizons,” James Crossley, head of UK wholesale at LGIM, said.
