The set of five funds, called IFSL Tilney Bestinvest Global Multi-Asset Portfolios (Gmap), are available to investors for $1 (£0.69, €0.89) per share from 1 June to 30 June.
Initially denominated in US dollars, the company said it plans to introduce currency hedged share classes based on sterling, euro and Swiss francs in the near future.
The UK-domiciled Gmap range is aimed at international investors and advisers with expats clients, although it is also available to UK investors, said the firm.
It will be made up of two share classes – one for institutional and the other retail investors, with an annual management charge of 0.75% and 1.5% respectively.
A key feature of the funds is that they will be sold without the “relative bias” towards UK assets, said the firm, although they will still replicate the risk and goal profiles of its existing, long-established £1bn multi-asset portfolio offering.
‘Significant outperformance’
According to Tilney, its existing MAP series has delivered “significant outperformance over their ARC benchmarks” over multiple timescales.
The Ucits compliant funds will pursue an active and global approach to asset allocation with allocations to equities, fixed income, property, target absolute return funds and cash.
The five strategies include: defensive; income; income and growth; growth and aggressive.
Tilney’s chief investment officer Gareth Lewis, a co-manager of the funds, said: “In recent years we have developed a number of relationships with firms supporting overseas investors, many of whom are expats who felt there was a gap in the market for a truly global multi-asset fund range avoiding any bias to UK capital markets.”
