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The funds will invest in exchange traded funds across various asset classes, including equities, bonds, property and commodities.

Bridport said that, while the funds will follow roughly the same investment strategy, each will be slightly different with its overall control and levels of risk to appeal to all investors.

There will no cap on the size of any of the funds due to the liquidity of their underlying investments.

The funds, which will carry a minimum investment of £10,000, will be managed by Jason Jones.

Jones said asset allocation was the "single-most important factor" in determining a fund's performance, citing the numerous academic studies that have shown it often accounts for more than 90 per cent of a fund's long-term return.

"However, when one analyses the long-term make-up of many supposed 'actively managed' funds, one sees very little change in the asset-allocation policy adopted, regardless of changes in market conditions," he said.