IOOF launches multi-manager range
IOOF has launched a new range of mostly active multi-manager funds, collectively called IOOF MultiSeries.
The range would focus on specialist manager research underpinned by dynamic asset allocation, and offered a combination of investment strategies through a mix of specialist underlying managers.
It would have active exposure to sub-sectors such as Australian equity small caps and emerging markets.
IOOF head of specialist solutions, Daniel Dalton, said the range was developed on the back of adviser demand for a low-cost multi-manager solution.
"In response to adviser appetite for lower fees, we've seen a shift in demand towards less active strategies," he said, adding it was low cost but was designed to outperform a purely passive approach.
IOOF chief investment officer, Stephen Merlicek, said: "Whilst we are strong proponents of active investing, which can provide superior risk adjusted returns over the longer term, we also realise that there is demand for lower cost alternatives that provide an outcome between a fully active and fully passive approach".
The range included four funds (MultiSeries 30, IOOF MultiSeries 50, IOOF MultiSeries 70, and IOOF MultiSeries 90), which would cater to all different client segments and risk profiles, and would be rated by Lonsec, Zenith, and Chant West.
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