Morningstar Investment Management Europe has rolled out five US dollar denominated multi-asset portfolios designed to meet the needs of advisers serving global citizens.
They define this as clients whose financial situation spans more than one country.
The firm said that “financial advisers are increasingly looking to provide investment solutions to clients with money outside the UK”.
The international portfolios are designed to meet this need by giving advisers access to Morningstar’s global research, asset allocation and portfolio construction capability.
The range, which is available on the Novia Global platform, comprises five portfolios aligned to Morningstar’s established risk profiles: cautious, moderately cautious, moderate, moderately adventurous, and adventurous.
They are made up of primarily passive funds, but also have exposure to active funds if there is the potential for added value within the fee structure. The portfolios invest across a range of asset classes such as equities, fixed interest, and cash, all of which are held outside the UK.
Focus on planning
Mike Coop, chief investment officer, Emea, Morningstar Investment Management Europe, said: “The launch of these new portfolios could not have come at a better time.
“As we approach the end of the year, clients are increasingly focused on financial planning for 2022.
“For international advisers wanting a clear objective, international focus, sound risk management and cost efficiency, these portfolios will help reach their financial goals, investing for retirement, saving in a chosen currency or tax efficient investing.”
