UK-based investment services provider IBOSS has established an asset management business, which will house its recently launched range of four-risk rated multi-manager funds.
The four multi-manager funds will be managed by Chris Metcalfe, the co-founder of IBOSS alongside senior analyst Chris Rush, and analyst Michael Heapy.
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The new range of range of risk-rated, OEICs have been designed to invest across equities, bonds, property and cash, with each portfolio expected to take between 35 and 40 positions.
The funds will require a minimum investment of £1,000 for lump sums or £100 a month for regular savings, while the ongoing charge fee for the funds ranges from 1.1% to 1.36%.
The four funds will use IBOSS asset management’s risk-rating system, which ranges from one at the lowest end and six the highest.
Each fund is subject to a maximum initial holding of 4% and a minimum initial holding of 2%. The company has selected Margetts Asset Management as the Authorised Corporate Director (ACD) for the funds.
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By GlobalDataThe funds will be known as MGTS IBOSS 1, MGTS IBOSS 2, MGTS IBOSS 4 and MGTS IBOSS 6 reflecting their risk profiles.
Metcalfe said: "The funds are designed as core holdings for clients’ ISA, investment and pension portfolios. They allow advisers to consolidate their clients’ investments within a tax efficient product and our reporting systems allow them to track the progress of these investments easily to ensure they are on track to meet their goals."
