Openwork to launch suite of multi-asset funds

Adviser network Openwork is to launch a range of active and passive multi-asset, multi-manager funds in the second quarter of 2013.

The actively managed portfolios will form part of Openwork’s Omnis investment platform and will include ‘cautious’, ‘balanced’ and ‘adventurous’ options.

The portfolios will be created using a range of funds including products managed by Jupiter, Schroders and BNY Mellon subsidiary The Boston Company, which specialises in US equities.

Alongside these portfolios Omnis will also list three funds of passive funds with the same risk ratings, Openwork said.

Omnis currently has multi-manager funds run by Octopus as well as three funds managed by Threadneedle.