Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Vanguard gets set for RDR with risk-rated range

Vanguard has launched five LifeStrategy index funds in the UK, offering different risk profiles and exposure to a range of asset classes.

The launch comes as the market moves towards the Retail Distribution Review, as advisers seek simple products at a low cost. The annual charges of the five funds range from 0.29% to 0.33%.

The five LifeStrategy funds use a broadly diversified asset allocation process with automatic rebalancing to avoid drift and ensure the funds stay in line with the investment objectives.

The range includes a mix of global equities and UK bonds, ranging from 20% to 100% in equities. The range gains this exposure by investing in existing Vanguard index funds.

Tom Rampulla, Managing Director of Vanguard UK, said: ‘We are launching this range of LifeStrategy Funds to help UK financial advisers provide exceptional value, straightforward and transparent products that meet a range of different client needs.

'We’ve observed that these types of products have been well-received in markets that have already moved to predominantly fee-based models.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter