MitonOptimal launches unitised offshore DFM

MitonOptimal launches unitised offshore DFM

Offshore asset manager MitonOptimal has rolled out a range of Dublin-domiciled discretionary fund management (DFM) products.

MitonOptimal was spun out of UK-domiciled Miton Plc several years ago and manages multi-asset products for international financial advisers.

This new range of unitised DFM funds comprises three risk-rated portfolios covering cautious, moderate and growth, each available in US dollar and sterling share classes. The funds offer daily liquidity through a Dublin-domiciled UCITS V structure.

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The company said DFM products have traditionally been targeted at high-net-worth investors, so these funds have been designed specifically for retail investors.

Shaun McDade, joint managing director and lead fund manager at MitonOptimal, said: "The new DFM funds provide investors with the investment benefits of a DFM solution with the convenience and simplicity of using a unitised fund."

Mr McDade said the funds will use what he describes as a "tried, tested and disciplined" top-down asset allocation process in conjunction with a bottom-up "best of breed" manager selection.

He said the funds allocate a across a broad range of assets that includes hedge funds and long/short equity managers alongside traditional fixed income, equities, property and cash strategies.

Based in the Channel Islands, MitonOptimal bought Bath-based Coram Asset Management in 2016, which itself was founded by former employees of Miton Plc.