Allium Capital has launched its much anticipated fund range with financial advice group Simply Biz, offering six funds branded under the new Verbatim Asset Management brand.

The funds have been designed to match different investor risk attitudes and include investments from Henderson Global Investors, Schroders, Architas and Ignis.

The minimum initial investment is £1,000 for all funds and the initial charge is 5 per cent. The annual management charge for A class accumulation or income shares is 1.4 per cent.  Fees are paid out of a fund’s assets.

 

Verbatim Portfolio 3, managed by Henderson Global Investors, is for the cautious investor and targets a return that is better than high street deposit accounts.  Investment may be made globally although foreign currency exposure through non UK investments may be hedged back into Sterling.

Verbatim Portfolio 4, managed by Schroder Investment Management, is a balanced managed fund targeting capital growth over the medium to long term.  It allows its manager to temporarily hold more than 10 per cent in cash in volatile markets.

Verbatim Portfolio 5 Income, managed by Schroder Investment Management, is an income fund with a similar remit to that of Portfolio 4.  Therefore, it is suitable for investors with a balanced-managed fund preference.

Verbatim Portfolio 5 Growth, managed by Architas Multi-manager, is a balanced managed fund with a similar remit to the Income fund.  Verbatim Portfolio 6 is also a balanced managed fund but is managed by Ignis.

The final fund is Verbatim Portfolio 7 is managed by Henderson Global Investors and is for adventurous investors that are looking for a higher risk play.  

Maria Grogan, board director at Allium Capital, said that this launch was further evidence of the company’s mission to break down the traditional distribution and cost models of retail funds.

She said, ‘.  We liken this approach to a large supermarket chain taking back the power from its suppliers and negotiating better quality products at better prices.

‘The down side to this approach is that it takes a lot of understanding of the various elements and is a harder to initially implement – which is why we describe Verbatim as the most complex fund launch ever.’

Funds in the Verbatim range will be marketed as being up to 0.25 per cent cheaper than the market average for all of the funds across the range.