Evercore to launch income and overseas equity funds

Evercore Pan-Asset Capital Management is planning to launch a range of Oeic portfolios with exposure to passive income and emerging market strategies.

The group, which uses ETFs, is preparing to unveil Pan Dynamic Income and Pan Dynamic Pacific Shift later this year.

The Pan Dynamic Income offering invests in a variety of asset classes, including UK and global corporate bonds, UK and Far East equities, property and cash. The current portfolio has an indicative yield of 4.5%.

Pacific Shift is a globally invested portfolio, slanted towards developing markets.

It provides exposure to US and Japanese equities, but the majority of its equity exposure is focused on emerging markets including Far East, Indian and Chinese equities. It also invests in emerging market property and infrastructure funds, as well as commodities, including water.

Evercore will initially offer the strategies as model portfolios for clients, available through the Ascentric platform. It plans to launch them as Oeics depending on demand. Evercore said both strategies would have the same fee structure as the existing portfolios, with TER's of 0.6% and an AMC of 0.4%.

Last month Evercore unveiled Oeic versions of its Balanced and Growth portfolios. It also runs a Defensive portfolio, which has a high exposure to cash and bonds, as well as an Aggressive portfolio which is focused on equities and alternatives. Evercore is also aiming to launch Oeic versions of both strategies, again with the same charging structure.

Christopher Aldous (pictured), chief executive of Evercore, said: 'We founded Evercore with the belief that the asset allocation decision is vital, and with our asset-allocating fund structures, we allow IFAs to focus on financial planning, whilst we deliver risk-profiled investment decisions for their clients.'