Invesco launches discretionary model portfolio service

Six investment portfolios

Invesco has launched a discretionary model portfolio service (MPS) to the UK advice market.

The MPS is made up of six investment portfolios across different risk levels and has an annual charge of 0.1%. The asset manager said each portfolio was made up of an average of 22 funds across asset classes and geographies to ensure diversification. Schroders launches alternatives fund for MPS investors Invesco investment solutions director Ben Gutteridge and multi-asset fund manager David Aujla will co-manage the range, Invesco said. It added that its own funds would be included but the majority would come from other firms. Gutteridge said: "At Invesco, we are focused on maki...