Multi-asset  

Launch Pad: Canada Life Investment funds

According to Frank Maret, head of distribution for Canada Life Investments, the five globally diversified fund-of-funds, to be run by a team led by David Marchant, are aligned to Distribution Technology’s risk profiles three to seven.

Investors can use whichever tax wrapper they wish, including open-ended investment companies, Isas, Isa transfers, Sipps and offshore bonds.

The Portfolio Funds range will be available on principal platforms including Ascentric, Cofunds and Transact.

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Mr Maret said: “Since the implementation of RDR there has been strong demand from intermediaries for products that enable them to outsource asset allocation decisions while ensuring they adhere to clients’ risk profiles.

“Our Portfolio Funds have been designed with these needs in mind. They are simple, transparent and cost-effective solutions which draw on Distribution Technology’s risk-profiling expertise to ensure they deliver ongoing suitability to clients.”

The five Portfolio Funds are:

Fund name

IMA sector

Distribution Technology risk profile

CF Canlife Portfolio III

Mixed Investment 0-35% Shares

Dynamic Planner 3 (low risk)

CF Canlife Portfolio IV

Mixed Investment 20-60% Shares

Dynamic Planner 4 (lowest medium risk)

CF Canlife Portfolio V

Mixed Investment 40-85% Shares

Dynamic Planner 5 (low medium risk)

CF Canlife Portfolio VI

Mixed Investment 40-85% Shares

Dynamic Planner 6 (high medium risk)

CF Canlife Portfolio VII

Flexible Investment

Dynamic Planner 7 (highest medium risk)

 

Adviser View:

Ben Willis, head of research for Bristol-based Whitechurch Financial Consultants, said: “The use of such portfolios has been a slow burn post-RDR. There were widescale predictions that they would be popular with advisers looking for low-entry funds for clients with less to invest. Advisers are also increasingly drawn to a passive approach and the dynamic planner model is an easy fit in terms of compliance procedures.”