Rlam launches multi-asset range for Greetham
Royal London Asset Management (Rlam) has launched a range of six multi-asset portfolios to be overseen by Trevor Greetham.
The six risk-rated global multi-asset funds are designed to sit alongside Rlam’s existing multi-asset pension portfolios – the Governed range – also managed by Mr Greetham’s team.
Mr Greetham joined Rlam from Fidelity in April 2015, and has been running the multi-asset team with a view to launching the new range.
The funds will be managed actively using tactical asset allocation based on Mr Greetham’s ‘Investment Clock’ analysis, which examines the current phase of the economic cycle and what investments could benefit from this.
The new funds, available to both retail and institutional investors, will have ongoing charges of 60 basis points and primarily gain asset class exposures through active and passive Rlam funds.
Mr Greetham noted active fixed income and UK commercial property exposure would be provided through Rlam vehicles, along with passive commodities and equity exposure.
However he said the team was “open” to using external funds, adding: “We are making use of ETFs where we don’t have internal exposure through trackers.
“We are open to using third-party funds but there are high barriers [to that] because the in-house funds are available to use very inexpensively and the risk control when using internal funds is far superior.”
Adviser View
Bob Wilson, director of Norwich-based GreenSky Wealth, said: “It sounds to me like another fund doing the same sort of thing that everyone else is doing.
“If you are a firm that uses a lot of multi-asset funds it does create a greater offering but it is not an area we are big in because we have our own portfolios.”
