UK - Standard Life Investments has launched a range of manager-of-managers funds in conjunction with Wilshire Associates.
The new range, which will be aimed at pension funds, offers access to a balanced managed fund comprising seven underlying funds covering the different assets and sectors.
Wilshire will select third-party managers to form blended portfolios for the underlying asset classes with the exception of property and cash, which will be managed by SLI.
The funds will enable advisers and consultants to tailor the asset mix of clients in line with risk requirements while allowing them to outsource the manager research, selection and monitoring to Wilshire Associates.
SLI head of UK institutional business George Walker said: “This demonstrates our commitment to the corporate pensions market in offering increased investment choice.
“The funds will provide advisers, consultants and clients with greater investment choice, quality service and value for money.”
SLI’s manager-of-managers platform comprises Baillie Gifford, Alliance Bernstein, Newton Investment Management, SVM Asset Management, F&C Management, UBS Global Asset Management and New Star Asset Management.
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