Morningstar Investment Management has confirmed the launch of a range of multi-asset real return portfolios as it continues its drives to become a major force in discretionary management.
The firm has launched four Multi-Asset Real Return portfolios, which will aim to generate returns of inflation, measured by the consumer price index, plus between 1 per cent and 5 per cent, depending on the risk investors are willing to take.
The portfolios will be constructed using funds and other collective instruments, both active and passive, selected by Morningstar’s 19-strong team of fund selectors and analysts, as well as more than 100 analysts working for the broader Morningstar group.
The firm launched its first discretionary management offerings, the Morningstar OBSR Managed Portfolios, in May 2013 with a range of active and passive multi asset portfolios.
In October last year, Morningstar added to that range with two new income-focused multi-asset portfolios, at which time the firm told Investment Adviser of its plans to launch a real return range.
The new portfolios are part of a wider effort from Morningstar to introduce more discretionary management services to the UK, where it has until now mainly been known for its fund rating and research.
Dan Kemp, co-head of investment consulting and portfolio management, EMEA, for Morningstar Investment Management, said the firm had been successfully running real return portfolios in Australia since 2009.