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Evercore offers ETF fund range through Ascentric
by Iain Martin on Jun 17, 2009 at 09:00
Advisers using the Ascentric wrap will have access to discretionary manager Evercore Pan-Asset’s range of exchange traded fund (ETF) model portfolios.
Evercore has soft launched four ETF-based portfolios with tactical asset allocation on the wrap, with global asset allocation and investments tilted towards Pacific Rim countries.
‘Evercore Pan-Asset is the first discretionary fund manager to offer a range of asset allocated ETF portfolios for IFAs to use,’ said Hugo Thorman (pictured), managing director of Ascentric. ‘It is a fantastic deal – the client is getting investment management and administration for 50 basis points [bp].’
Charges for the model portfolio total 25bp per year plus an annual £60 wrapper charge, which Evercore said undercuts other discretionary fund managers.
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1 comment so far. Why not have your say?
Wendy Fleming
Jun 29, 2009 at 10:34
I have looked indepth into this new propostiion and believe it is the way forward for financial planners who want plan their client's finances and not get bogged down in fund picking and rebalancing manually.
This is a cost-effective, transparent, robust and responsible way of investing clients money - by utilising ETF's and being able to rebalance monthly all for 50 basis points plus compettitve wrapper charge I believe it's a no brainer -fantastic!!
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