Barclays lists DFM portfolios on Elevate
More on Discretionary Management
- Brown Shipley hires Roger Clark as wealth head
- Morningstar plans discretionary market land grab
- Sir David Howard steps down as Charles Stanley chief
In focus: Outsourcing Investments
Barclays has launched five discretionary fund management (DFM) portfolios on Axa’s Elevate platform.
The funds invest across active and passive strategies and incorporate nine asset classes, the company said.
Bryan Parkinson, director of intermediary sales at Barclays, said there had been a significant amount of interest from the industry in the company’s DFM service, which was launched in April.
Axa Elevate has been adding several model portfolios and DFM services in recent months, including Ashcourt Rowan’s discretionary service which launched in May.