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Novia to grab a slice of DFM market with model portfolio launch
by Sarah Miloudi on Sep 02, 2013 at 09:30
Novia is to expand into investment management with the launch of a new discretionary fund arm.
Copia Capital Management will sit alongside the existing discretionary managers available on the Novia platform, and will offer a range of risk-rated portfolios using Oeics and exchange traded funds (ETFs).
Although composed of passive vehicles, the new multi-asset model portfolios will be actively managed by Dr Evrin Erdem, who last month joined the Novia group as Copia's head of investment.
Announcing the new launch, Novia said the portfolios' tactical allocations would be reviewed monthly and quarterly, and Bill Vasilieff (pictured), chief executive officer at Novia, added that the launch came in response to client demand.
He explained: 'We have seen a huge growth in new business inflows into discretionary fund managers and Novia has already developed a strong reputation for its market-leading DFM offering.'
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