abrdn will remove the MyFolio managers’ mandate to invest 60% in the firm’s active funds and cut fees on the managed portfolio range from 1 April.
The five funds will be rebranded to abrdn MyFolio Core. They span a range of risk levels and all feature a blend active and passive funds.
The current 40% cap on the use of passive funds will also be removed, which the firm said will offer the managers “more flexibility in different market conditions”.
The majority of assets in the range are accumulation shares, with the institutional share class the primary class available on distribution platforms.
Within that, the ongoing charges figure (OCF) on the five funds will be cut from 0.69% – 0.75% to 0.56% – 0.65%. The full breakdown of fee changes can be seen in the table below.
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Katie Trowsdale, co-manager of the MyFolio range, said: “Over the course of the past 14 years, we have evolved the MyFolio franchise to meet the needs of our clients, but the constant theme has been diversification, all within carefully selected risk profiles.
“These changes mean we can enhance this strategy further, with a ‘go anywhere’ approach that can be tilted to changing environments, while bringing down fees and expanding our investable universe.
“These changes will mean the MyFolio Core range will be able to benefit from more external managers in which we have high conviction, while making use of passive funds in markets where we believe this strategy is well suited.”
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Robert Bowie, also co-manager of the range, added: “The MyFolio Core range will continue to be managed with exactly the same philosophy and risk requirements which have defined the MyFolio franchise for the past 14 years, but with more tools in the box to add value for clients.
“MyFolio Core will continue to target the same level of risks as before and continue to use the same proven strategic asset allocation process.”
Fee changes for Institutional Acc range, the primary share class:
| Current Share Class Name | New Share Class Name from 1 April 2025 | Current OCF | Fixed OCF from 1 April 2025 * | |
| abrdn MyFolio Core I Fund (abrdn MyFolio Managed I until 1 April 2025) | Institutional Acc | Institutional Fixed Acc | 0.70% | 0.56% |
| abrdn MyFolio Core II Fund (abrdn MyFolio Managed II until 1 April 2025) | Institutional Acc | Institutional Fixed Acc | 0.69% | 0.59% |
| abrdn MyFolio Core III Fund (abrdn MyFolio Managed III until 1 April 2025) | Institutional Acc | Institutional Fixed Acc | 0.73% | 0.61% |
| abrdn MyFolio Core IV Fund (abrdn MyFolio Managed IV until 1 April 2025) | Institutional Acc | Institutional Fixed Acc | 0.75% | 0.65% |
| abrdn MyFolio Core V Fund (abrdn MyFolio Managed V until 1 April 2025) | Institutional Acc | Institutional Fixed Acc | 0.75% | 0.65% |
