Tavistock Wealth launches three new ACUMEN funds

The AIM-traded firm confirmed the three new funds as the ACUMEN Bond Portfolio, the ACUMEN Equity Portfolio and the ACUMEN Strategic Portfolio.

It said the ACUMEN Bond Portfolio had a minimum fixed income exposure of 80%, investing in government, corporate, inflation-linked and emerging market bonds, while the ACUMEN Equity Portfolio also had a minimum exposure of 80%, but to developed market and emerging market equities.

The ACUMEN Strategic Portfolio invested in “a range” of global asset classes, including equities, commodities, property and bonds.

Tavistock said the ACUMEN Portfolios could be accessed on approximately 20 different platforms or directly through the authorised corporate director, being Investment Fund Services (IFSL).

The funds were described by Tavistock’s board as “highly sophisticated baskets” of exchange traded funds, which formed the building blocks for Tavistock Wealth's range of risk targeted investor portfolios.

In its statement, Tavistock said the new funds were launched in response to a consistent demand from IFAs for asset-specific strategies.

They offered advisers a “wider range” of solutions for their clients, and reportedly better equipped Tavistock Wealth to manage risk across the entire volatility curve.

“We continuously assess our products to ensure that they protect investors in the face of political and economic uncertainties, such as those surrounding Brexit,” said chief executive Brian Raven.

“We are now better able to mitigate risk with these additional funds and we have also increased the extent to which our overseas portfolio exposures are hedged back to sterling.”