Cornelian launches fund range for IFAs

Cornelian Asset Managers is launching three funds with varying risk profiles and objectives in a bid to cater for IFAs looking to outsource investment management in the run-up to the retail distribution review.

The three new funds can be used individually or in assorted combinations to form the building blocks for five different risk profiles that the group has identified. The Edinburgh-based boutique said the portfolios are designed to meet the needs of over 95% of clients by fine-tuning the alignment to their individual investment objectives and risk tolerance. 

The CF Cornelian Progressive, CF Cornelian Managed Growth and CF Cornelian Defensive funds have each has been designed with a specific investment objective to match a corresponding level of risk. The funds will be managed by the investment team, which includes investment director Marcus Brooks (above).

At the low volatility end of the spectrum, the CF Cornelian Defensive fund invests primarily in fixed interest, cash and alternative assets.

Meanwhile, the CF Cornelian Managed Growth fund aims to achieve a medium level of volatility alongside long term growth and income through a diversified multi-asset approach. The CF Cornelian Progressive fund will take on the highest level of risk by investing primarily in UK and international equities. 

The CF Cornelian funds will sit outside the Investment Management Association's sectors in order to give the multi-manager team the flexibility to change their asset allocation in response to changing market conditions with no sector constraints.

The new fund range is now available on the Cofunds platform with different share classes ranging from 3% upfront commission.

John Jackson, chief operating officer at Cornelian, said new funds seek to cater for the different objectives of the end investors while supporting advisers by offering a flexible charging structure.