Invesco Perpetual has launched the five-strong Summit Growth fund-of-funds range, which will invest in the wider group's active, factor-based, and passive capabilities.
The range will be managed around progressively higher risk targets, which enable advisers to match portfolios to their clients' risk profiles. It has been launched to meet adviser demand for "lower-cost investment solutions that can cater to a variety of client risk tolerances and financial goals", the group said. Summit Growth funds will have an OCF of between 60bps-80bps and a minimum investment of £500. Each portfolio will blend funds from Invesco's active and passive equity, bond, alternatives and cash ranges, with allocation to each asset class varying according to risk requir...
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