Invesco Perpetual has launched an in-house range of multi-asset funds combining active and passive strategies.
The Summit Growth range will consist of five multi-asset funds and will be managed by Nick Mustoe (pictured), Invesco Perpetual’s chief investment officer, and the Invesco Global Solutions team, which will run the quarterly strategic allocations for the suite.
The mandates will have a broader remit than other funds-of-funds the company offers, with the ability to invest across active, factor-based, and passive products, while being constrained to Invesco funds.
Invesco Perpetual said the range is designed to meet the demands from advisers for lower-cost investment 'solutions' that can cater to a variety of financial goals.
The range will carry an ongoing charge of between 60 to 80 basis points and a minimum investment of £500.
Mustoe said: '[The range] is a key differentiator that has real-world investment applications. It means that we can bring together very different investment approaches and styles that aim to deliver truly diversified sources of return for the benefit of our clients.'
Invesco Perpetual head of UK retail distribution Chris Lyes added: 'We believe that we have built a compelling, client-focused investment solution that should make the lives of advisers, and their clients, easier by supporting them in the aim to deliver strong outcomes through the quality of our capabilities, and a great experience through the quality of our service.'