Multi-manager  

Old Mutual eyes additions to Generation range

Old Mutual Global Investors (OMGI) has drawn up plans to add five new funds to its Generation multi-asset range if demand is sufficient.

The range currently consists of four products: Generation Target 3:4, 3:6, 4:4 and 4:6, with the numbers referring to target levels of growth – measured as 3 or 4 per cent above CPI – and income, either 4 or 6 per cent.

The planned new products are Generation Target 3:5, 4:5, 5:4, 5:5 and 5:6, indicating that the range will be expanded to target a higher level of growth if there is enough demand from investors.

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Head of multi-asset John Ventre said the group was not planning to launch the funds imminently, but the options were “on the shelf should we be able to prove demand”. OMGI also has regulatory permission to add four more funds to its Spectrum range of risk-targeted portfolios. The range currently covers Distribution Technology’s most popular risk profiles of 3 to 8, but the group could launch Spectrum 1, 2, 9 and 10 if there is a significant level of demand from advisers.

Mr Ventre and his team currently manage 21 funds across four ranges. As well as the Generation and Spectrum funds, the team also offers six ‘Voyager’ multi-manager funds, the £395m Global Best Ideas fund, the ¤354m (£292.4m) European Best Ideas fund and the newly launched Foundation funds, which invest solely with OMGI managers.

The team is also responsible for the WealthSelect range of more than 40 model portfolios. WealthSelect is aimed at restricted advisers and also forms the basis for Old Mutual’s model portfolios.