True Potential Investments has ditched the restriction on its multi-asset range, after seeing a jump in demand from investors wanting more diverse strategies in the wake of the Brexit vote.
The investment management arm of True Potential has opened its entire range of multi-asset and multi-manager portfolios to all UK financial advisers as it looks to help spread risk amid choppy markets.
Previously, only advisers who were customers of True Potential, which is estimated to equate to around 20 per cent of the 24,000 advisers in the UK, could access the portfolios.
Last week, Mark Henderson, a senior partner at True Potential, said the diverse nature of the portfolios had helped them ride out Brexit volatility.
The range brings together funds from various asset managers, including the likes of Goldman Sachs, Schroders, 7IM, Allianz Global Investors, Close Brothers Asset Management and Columbia Threadneedle.
The portfolios, which aim to manage volatility by blending multi-asset funds, currently have around £633m invested in them.
According to True Potential, the portfolios have delivered returns between 7 per cent and 15 per cent since the range was launched in October last year.
Portfolio | Performance | Portfolio | Performance |
Defensive | 7.03% | Cautious+ | 8.29% |
Cautious | 9.18% | Balanced+ | 12.13% |
Balanced | 10.72% | Growth+ | 11.58% |
Growth | 13.72% | Cautious Income | 9.36% |
Aggressive | 15.11% | Balanced Income | 10.80% |
True Potential Portfolios: Close of business 1st October 2015 – Close of Business 15th July 2016
katherine.denham@ft.com
