Insight Investment has announced that its Insight Diversified Inflation Plus Fund has been added to the non-aligned, zero ongoing fee platform WealthO2’s uXchange.
The fund offered a modern approach to construction combining dynamic asset allocation and diversification across both traditional and alternative sources to risk premia. It also used a multi-asset approach investing in equities, fixed income, real assets, total return strategies and cash, with the ability to move between asset classes depending on market conditions.
It aims to deliver long-term returns of five per cent in excess of inflation over a rolling five-year period.
Insight’s head of intermediary distribution, Rob Thompson, said the industry was going through considerable change, with the emergence of new service providers such as WealthO2 challenging incumbent models.
“In this post Royal Commission environment, we are seeing a paradigm shift as advisers move to non-aligned models, making platforms like WealthO2’s uXchange even more relevant,” he said.
WealthO2, which was launched two years ago, had more than 330 global and domestic funds on its platform, with uXchange providing advisers using its portfolio management and financial planning software service with access to wholesale managed funds, alongside holder identification number (HIN) based access to ASX listed assets, and cash deposit products.
“We’re different from many other service providers in that funds are added based on adviser demand, not the other way around. This is a huge shift in approach for the industry, the adviser and the client,” Shannon Bernasconi, co-founder and Managing Director of WealthO2, said.
