Premier Miton launches a managed portfolio service with two ranges

Premier Miton has launched a managed portfolio service with two ranges of four actively managed portfolios.

One will have a mix of active and passive investments while the other range will be solely index focused, but both  actively managed, the asset manager said in a statement on 12 July.

Premier Miton Group chief executive officer (CEO) Mike O'Shea said he was "pleased to announce that our managed portfolio service, managed by our highly successful multi-manager team, is now live for our first intermediary clients and will be more widely available as we move through this Autumn.

"We continue to see good interest from advisers for a cost-effective managed portfolio service run by one of the most experienced multi-manager teams in the market".

Jonathan Willcocks Premier Miton's global head of distribution said there had been "increasing demand from advisors for cost effective investment solutions that use the architecture of established investment platforms whilst tapping into the diversification benefits of multi-manager investing".

Annual charges are 0.25% and 0.45% for the index and blend portfolios respectively.

Willcocks added: "We know that as well as generating good long term investment outcomes for clients, investment solutions need to offer good value too, which is why we have introduced target OCFs for each of the portfolio ranges.

"We have combined the best of both worlds by providing access to our multi-manager team's decades of investment experience and expertise, within an MPS framework."