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Caerus swaps Evercore for Mansard on £130m funds

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Caerus swaps Evercore for Mansard on £130m funds

Adviser network Caerus has handed fund managers Mansard Capital the mandate to run its £130 million Dynamically Rebalanced Portfolio funds, arguing the move will cut costs.

Mansard will take over the four funds from Evercore Pan Asset, and change the investment approach from one employing exchange-traded funds (ETFs) to one using index trackers.

Caerus said the switch would cut total expense ratios by an average of 0.2% to around 0.25% and reduce tracking error. It added the funds' asset allocation and risk-targeted approach would remain the same.

Caerus investment director Ronan Kearney (pictured) said: ‘The move from ETFs to indices enables Caerus to provide its clients with a product that offers exceptional value and performance.'

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