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AJ Bell unveils holdings for multi-asset launches

AJ Bell’s first fund launch, a range of five diversified multi-asset funds that are risk-rated from cautious to adventurous, will start trading on 18 April 2017.

International Adviser


As exclusively reported in January, the funds will invest across equities, cash, fixed income and property (via Reits).

The Balanced fund has a heavy weighting towards BlackRock and iShares ETFs in its top 10 holdings.

Although it could change prior to launch, the biggest proportion of the fund (15%) will be iShares Global High Yield Bond ETF, followed by the BlackRock UK Equity Tracker Fund (12%).

Equal weighting (10%) has been given to the SPDR Barclays Sterling Corporate Bond ETF, iShares GBP Corporate Bond ETF, Vanguard UK Long Duration Gilt Fund, and the iShares UK Property ETF.

The asset allocation of the funds will be updated quarterly so that they consistently perform in line with the risk level selected for each client, the firm said.

The funds be run by AJ Bell’s investment team including Ryan Hughes, head of fund selection and Leon Diamond, head of investments.

The OCF will be capped at 0.5% per annum, with AJ Bell also waiving its platform charge for holding funds until January 2019.

The launch offer period opened on 27 March to enable advisers to utilise any of their clients’ unused Isa or Sipp allowances before the tax year end.

There is a fixed price of £1 during that period before the funds start trading on 18 April 2017.

Andy Bell, chief executive of AJ Bell, said: “Advisers are increasingly turning to passive investment solutions to keep costs low for their clients and many are choosing to outsource investment management to third parties so they can focus on their core financial planning services.

“To meet that demand we have built a range of diversified multi-asset funds and are mapping them to the main risk profiling tools advisers use so they can easily incorporate them into their existing business processes.

“The funds themselves are already very low cost but we have also decided to waive our platform fee until at least January 2019, meaning the total cost advisers client’s will pay is amongst the lowest in the market for an investment solution like this,” said Bell.

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