Marlborough expands multi-asset range

Range has added an extra two strategies and reduced charges

Danny Knight

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Marlborough has expanded its multi-asset fund range to mirror its managed portfolio solutions (MPS) offering.

The firm’s multi-asset funds range has been expanded to six strategies, up from four, while the ‘Conservative, ‘Cautious’, ‘Balanced’ and ‘Global’ names will no longer be used.

The portfolios will instead adopt a numbered label from three to eight, reflecting the level of risk and reward targeted.

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Marlborough has also cut the funds’ charges, with an upper limit ongoing charges figure (OCF) of 0.66% for its retail share class units.

Danny Knight, commercial director – intermediaries at Marlborough (pictured), said that while the MPS has grown in popularity with advisers, the firm recognises that the MPS structure can present a number of challenges and constraints.

“We’re launching our expanded multi-asset fund range because we’re seeing an increase in interest from advisers,” he said.

“Multi-asset funds can offer economies of scale, a significantly greater range of options for underlying investments and can be rebalanced far more quickly to seize on opportunities.

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“In addition, there are important benefits relating to Capital Gains Tax (CGT) when rebalancing outside a tax wrapper.

“All this leads us to believe that, while there’s still an important role for MPS portfolios, the market will evolve and that expertly managed, competitively priced multi-asset funds are likely to see a significant resurgence in popularity.” 

This story was written by our sister title, Portfolio Adviser