London-based investment manager, Guinness Asset Management has added two multi-asset funds to its UCITS range with the launch of the Guinness Multi Asset Balanced Fund and the Guinness Multi Asset Growth Fund aimed at expatriate investors and their advisers.
Guinness is using Brewin Dolphin, one of the UK's largest Independent Discretionary Fund Managers and a FTSE 250 company, as investment adviser for the new funds. The partnership means that Brewin Dolphin's managed portfolio service (MPS) will be available as a UCITS fund for the first time.
The funds will be based on Brewin Dolphin's Passive Plus MPS. This unites the fund expertise of Guinness Asset Management with the investment research and asset allocation capabilities of Brewin Dolphin.
Asset allocations are set by the Brewin Dolphin Asset Allocation Committee and the underlying funds, which are recommended by the multi award winning Brewin Dolphin fund research team and are reviewed and managed by Guinness Asset Management.
The new UCITS funds will be marketed outside the UK by Acorn International Distribution who have been working with Guinness as a distributor since 2015. This is the first time that the Brewin Dolphin MPS strategies have been made available as a UCITS fund.
These multi-asset funds are designed to act as a core holding, alongside complementary satellite holdings in specific single strategy funds.
The funds predominantly use lower-cost index funds to gain market exposure, to reflect the Brewin Dolphin asset allocation view. The "Plus" element refers to the active fund exposure, in sectors such as absolute return, smaller companies and income-producing firms, which Brewin Dolphin's fund research team believes cannot be replicated by passive investments. Adding actively managed funds to the mix provides diversification and has the potential to enhance long-term performance, compared to indices.
Tim Guinness, founder and chief investment officer at Guinness Asset Management said: "We have built strong relationships with international advisers who have chosen us for our active high conviction long-only equity funds. For some time, they have been asking us how we can help them further by providing a core multi-asset solution. By partnering with Brewin Dolphin we can now offer them just that."
Robin Beer, managing director of investment solutions and distribution, Brewin Dolphin said: "This is the first time we have offered our intellectual capital to a fund manager under the ‘powered by Brewin Dolphin' branding. We hope that Guinness' international advisers and their clients can benefit from our combined expertise in asset allocation and fund selection, executed via a daily traded UCITS fund structure."
Joe Palmer, director of Acorn International, added: The whole team at Acorn International are delighted with the two new additions to the Guinness fund range. As demand for core multi-asset solutions continues to grow, the opportunity to work with Brewin Dolphin, one of the market leaders really strengthens our IFA proposition. We look forward to discussing this with our IFA partners globally."