Investment research company Morningstar has launched a series of blended multi-asset funds via its Morningstar Investment Management Europe arm.
The funds span the Morningstar risk profiles of Moderately Cautious, Moderate, and Moderately Adventurous with equity exposure ranges of 30-50%, 50-70%, and 70-90% complemented by diversifying and other lower risk-type investments.
The funds will invest in an active-passive blend, biased to passive funds to lower the cost for investors but will also have the flexibility to target high-conviction active funds.
They are designed for U.K. investors seeking capital growth over the medium- to long-term within a risk-managed framework.
The estimated ongoing charges figure for the range is 0.60% for the retail share class.
The funds will be mapped to investment risk measurement systems Synaptic, Dynamic Planner, Defaqto and Finametrica risk profiles.
Morningstar acquired PlanPlus Global, including FinaMetrica, earlier this year. They had previously joined forces to develop new products.