UK - Britannic Asset Management has launched Multi-Asset Class Solution, a service which will allow schemes to set their balanced funds' asset allocation.
The service – as revealed by PP earlier this year (February 26) – will enable schemes to tailor their funds’ asset allocation mix to match their liability profiles, all of which will be measured against a customised benchmark.
MACS building blocks will be the 17 pooled funds Britannic offers, and the service is aimed at small-to-medium sized schemes. All tailored funds will be single-priced on a daily basis.
The firm added that should existing clients wish to restructure their balanced portfolios, it can either unbundle their investments and move to a new structure immediately or over a set time frame.
Britannic head of institutional division Fiona Ross said: “We are seeing DB schemes placing greater emphasis on matching liabilities and DC scheme members requiring a closer match to their risk appetite. We believe MACS can be used to provide an appropriate solution.
“Principally, MACS is aimed at small-to-medium sized schemes which are looking to develop a more scheme-specific investment strategy but where costs of transition are important. In cases like these we believe our MACS service can provide a cost-efficient solution.”
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