UK-based Seven Investment Management (7IM) has unveiled a multi-asset passive model portfolio range dubbed 7IM Pathway that charges 0.15% per year.
The new range will comprise five portfolios having different risk levels.
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The firm said that the proposition will leverage its “strategic asset allocation framework and risk management process” and rebalanced on a quarterly basis, enabling asset allocation changes anytime.
The range will be run by the firm’s investment team.
7IM CIO Martyn Surguy said: “As we head into an environment of lower expected returns following a prolonged bull market, we believe it is the perfect time to launch 7IM Pathway, a low cost range of volatility managed, diversified portfolios made up of passives.
“Importantly, the 7IM Pathway model portfolios are underpinned by our robust strategic asset allocation process which has a demonstrable track record in controlling the downside while delivering strong returns with real diversification benefits.”
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By GlobalDataThe new portfolios will be currently available on 7IM, Novia, Transact, Standard Life, Aviva, and ARC (Aegon) platforms. Their availability will be extended to other platforms eventually.
They can also be accessed as part of 7IM’s retirement income service and discretionary offering.
Earlier this year, 7IM lowered fees for its HNW clients and family groups, in a bid to become more competitively-priced.
