DeVere Group has announced a suite of low-cost tracker and active funds as part of its new Model Portfolio Service (MPS), launched in association with Pacific Asset Management (PAM).
The deVere MPS Range will initially consist of four risk targeted models and will allow investors to gain exposure to the cost efficient benefits of a passively run investment, while also giving them access to a highly diversified actively managed portfolio.
Each model has been designed to reflect a particular level of risk an investor is comfortable with and is made up of a combination of passively managed tracker funds, which are specifically designed to work in conjunction with Pacific Asset Management’s zero biased range of Multi-Asset funds, deVere said in statement announcing the launch.
The PAM range is UCITS regulated, daily dealing and highly liquid, investing across active, passive and smart-beta strategies.
Nigel Green, deVere Group founder and chief executive, (pictured above), said: “The asset management industry has evolved; costs are more of a predictor of future performance than perhaps was ever realised.
“As such, we’re set to offer a brand-new model portfolio service comprising of only low-cost tracker and active funds. It will consist of a range of risk-targeted model portfolios to match individual client’s suitability requirements.”
Green believes that in a world of ultra low interest rates and the erosive effects of inflation, it is essential that the company can continue to offer clients an extensive range of cost efficient, diversified solutions in order that they “reach, even exceed, their long-term financial objectives”.
“By working with Pacific Asset Management, we will be able to give investors exposure to passive funds which match their risk profile in combination with PAM’s ultra modern range of multi-asset portfolios,” he said.
Matthew Lamb of Pacific Asset Management said that the deVere Group, is at the “forefront of offering institutional solutions to retail clients in the international space”, but felt that the deVere MPS range “balances the cost efficient advantages of robo-advice with the common sense overlay of an actively managed solution”, this allowing deVere to continue to “bring the benefits of the industrialisation of the asset management industry to their clients.”