Although yet to be named, one of the funds will carry an income objective while the other will have an inflation-plus target.
Scheduled for launch in the first half of 2012, they will be jointly-managed by the multi-asset team, headed by Philip Saunders and Max King, and Alastair Mundy’s contrarian team.
The funds will fit under a sub-branded managed solutions range, separated from Investec’s existing ‘specialist’ funds such as its commodities, emerging market debt and country-specific equities vehicles.
Five outcomes
UK managing director David Aird said the new funds would complete a five-strong managed solutions range, with each vehicle focused on a specific outcome. The income and inflation plus funds will sit alongside existing funds aimed at capital protection (Multi Asset Protector), capital growth (Managed Growth), and income & capital growth (Cautious Managed).
“The specialist fund range will be ideal for portfolio constructors and the managed solutions range will be ideal for IFAs looking for high quality off-the-shelf solutions,” he said.
“Our managed solutions fund range will be risk rated but the risk ratings will be an outcome not a pre-prescribed objective.”
The hybrid multi-asset funds will invest across internal and external funds, as well as passives. However, in keeping with one of RDR’s key objectives – to keep charging fair – the total expense ratios of the funds will be kept between 85 and 90 basis points.
