St George Bank-owned groups AdvancedAsset Management and Asgard have unveiled a new deal for the latter’s mini-platform, Elements, to carry a wholesale version of the 10 multi-manager funds recently launched as part of Advance’s retail product upgrade.
“Our Multi-Blend funds place a strong emphasis on risk reduction by diversifying across three dimensions: sectors, managers and investment styles,” Advance managing director Kate Mulligan says.
Asgard has also announced a new online tool for advisers called ‘sector templating’ to take advantage of the new multi-blend offering through Elements.
“Sector templating is a unique feature of Asgard Elements. It allows advisers to build their own risk-based model portfolios using the five Advance Multi-Blend single sector funds, whilst retaining the decision over asset allocation themselves,” chief executive of Asgard’s parent group Sealcorp, Geoff Lloyd says.
He adds the new tool will save advisers time, and feature a single template that can be assigned in bulk to clients across investment, super and pension.
Mulligan says the multi-blend funds are designed to allow investors looking to the long-term to access a range of strategically aligned managers across a spectrum of asset classes.
