Launched by Tilney Bestinvest’s discretionary management subsidiary, Tilney for Intermediaries the new fund range is expected in the first quarter of 2016 subject to FCA approval.
According to the firm the funds will combine active asset allocation with investments into smart beta funds in an effort to satisfy adviser demand for low-cost investment solutions that offer more than traditional passive exposure.
According to Tilney for Intermediaries head, Miles Robinson: “Many advisers recognise there are significant drawbacks with traditional passive products, which leave their clients assets fully exposed to the risks of valuation bubbles and also losses in overall market downturns”.
Full details of the new funds will be made available in 2016, the firm said.
