Quilter Investors sets out launch plans for new income range
- Founder share class at 0.6% Fixed Ongoing Charge available at launch
- Risk targeted Monthly Income and Income and Growth portfolios
- Smoothed income paid monthly
Quilter Investors today announces further details of its forthcoming income range, with a planned launch on 26 June including a discounted ‘Founder’ share class at a Fixed Ongoing Charge (FOC) of 0.6% for a six month period.
The range will consist of two portfolios: the Quilter Investors Monthly Income Portfolio; and Quilter Investors Monthly Income and Growth Portfolio.
The Monthly Income Portfolio is a lower risk portfolio targeting a higher level of income alongside the potential for capital growth. The Monthly Income and Growth Portfolio will aim to maximise total return through a higher level of risk with a lower level of expected income.
Available to UK advisers and their clients, investors in the portfolios will have access to the 0.6% FOC Founder share class through the Old Mutual Wealth platform when they invest in the first six months from launch. Founder investors will continue to enjoy the benefit of the Founder share class on future regular savings and phased investments after the offer period ends. Investments instructed after the six-month offer period will carry the standard FOC of 0.85%.
Following input from advisers on the design and specification of the funds, both portfolio solutions will be managed according to a risk targeted investment approach and will implement an income smoothing strategy, with payments distributed monthly.
Income payments will be smoothed over the course of the year to provide advisers and customers with increased certainty over the expected level of yield. Any excess income will be distributed at the end of the fund accounting year, with the potential for an above average final income payment.
Portfolio manager Helen Bradshaw will have complete flexibility to invest in a wide range of global assets and will utilise active, passive and smart beta strategies across equities, fixed income, alternatives and other asset classes globally.
Quilter Investors first announced plans to launch the range earlier this year following Helen’s appointment from Janus Henderson.
Portfolio manager Helen Bradshaw says:
“The opportunity to manage the new income range is a huge privilege. Quilter Investors is a business singularly focused on multi-asset solutions, and enjoys a close relationship with advisers and their clients, which gives me great enthusiasm that we’re building an innovative range of portfolios that are designed with clients in mind.
“Identifying sources of income has grown increasingly complex in recent years, with a variety of factors making the search for yield more and more challenging. Utilising a diverse investment toolkit we will be aiming to produce a reliable, first quartile yield, while recognising the need for investment discipline and resisting the temptation to overreach through our risk-targeted approach.”
Chief commercial officer Dean Bowden says:
“We’re delighted to be bringing Quilter Investors’ first new investment solution to the market since forming this business in 2018. Our research conducted with advisers and clients shows us that there is a desire for income solutions that combine the benefits of a risk targeted approach, alongside a smooth income experience with monthly distributions.
“This approach will provide customers with a globally diversified multi-asset income portfolio solution, which offers both reassurance over how the portfolioscan be expected to respond to periods of market volatility, as well as delivering a level of predictability over expected monthly income.
“We are very excited to be taking these portfolios to the market with our introductory pricing offer.”
Notes to Editors:
Quilter Investors is part of Quilter plc. It provides multi-asset investment solutions designed for advised clients in the UK and internationally and manages £19.2 billion on behalf of its investors (as at 31 March 2019).
Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.
Quilter plc oversees £114.9 billion in investments (as at 31 March 2019).
It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.
The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.
Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business. Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.
The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:
- The Multi-asset business is now Quilter Investors
- Intrinsic to Quilter Financial Planning
- The private client advisers business is now Quilter Private Client Advisers
- The UK Platform to Quilter Wealth Solutions
- The International business to Quilter International
- The Heritage life assurance business to Quilter Life Assurance
- Quilter Cheviot will retain its name.
This press release is for journalists only and should not be relied upon by financial advisers or customers.
Past performance is not a guide to future performance and may not be repeated. Investment involves risk. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Because of this, an investor is not certain to make a profit on an investment and may lose money. Exchange rate changes may cause the value of overseas investments to rise or fall.
This communication is issued by Quilter Investors Limited (“Quilter Investors”), Millennium Bridge House, 2 Lambeth Hill, London, England, EC4V 4AJ. Quilter Investors is registered in England and Wales (number: 04227837) and is authorised and regulated by the Financial Conduct Authority (FRN: 208543).
Quilter Investors Monthly Income Portfolio and Quilter Investors Monthly Income and Growth Portfolio are sub-funds of Quilter Investors Multi-Asset OEIC, an investment company with variable capital incorporated in England and Wales.
Quilter Investors Multi-Asset OEIC is authorised by the Financial Conduct Authority as a non-UCITS retail scheme and can be distributed to the public in the United Kingdom.
Quilter Investors uses all reasonable skill and care in compiling the information in this communication which is accurate only on the date of this communication. You should not rely upon the information in this communication in making investment decisions. Nothing in this communication constitutes advice or personal recommendation. An investor should read the Key Investor Information Document(s) (“KIID”) before investing in any sub-fund of Quilter Investors Multi-Asset OEIC. The KIID and the prospectus can be obtained from www.quilterinvestors.com in English.