Tilney announces the launch of new Advanced Passive Portfolio fund range

26 January 2016

Tilney announces the launch of new Advanced Passive Portfolio fund range

Tilney for Intermediaries announces the launch of a new suite of five risk-rated multi-asset UCITS OEIC funds, the IFSL Tilney Bestinvest Advanced Passive Portfolios (APP) with a fixed price offer period on each fund of 100p per share from 1 February to 15 February. The APP funds will be co-managed by Gareth Lewis, Chief Investment Officer, and Ben Seager-Scott, Director, Investment Strategy.

Aimed principally at UK financial advisers and their clients, the APP funds will combine an active approach to asset allocation with investment through both the new generation of Advanced Passive, or ‘smart beta’, passive investments and low cost trackers. The range will provide advisers and their clients with a series of low cost core investment solutions but without the limitations and inherent underperformance of exclusively using traditional passive strategies that weight holdings solely on market-capitalisation. Each fund will have a 0.65% annual management charge with the OCFs capped at 1%. The minimum investment for each fund will be £1,000.

The five strategies each align to the profiles of leading independent risk-profiling firms Distribution Technology and Finametrica. The funds are Cautious, Balanced, Growth, Aggressive Growth and Income and will replicate the asset allocation approach on sister funds in Tilney Bestinvest’s existing £1 billion strong Multi-Asset Portfolio fund range. The APP funds will be available on Aviva Wrap & SIPP, Pershing, SEI and Transact from launch, with further platforms in the process of being added.

Gareth Lewis, Chief Investment Officer and co-manager of the funds, commented: “In our view the emergence of the new generation of ‘alternative beta’ and ‘smart beta’ passive funds is one of the most significant and exciting developments the investment management industry has seen in two decades. These advanced passive investments greatly enhance the scope for investment managers like us to express active asset allocation views in a much more granular way than has been previously possible through use of traditional index funds. As the recent market turmoil and slide in commodity stocks reminds us, there are serious drawbacks in investing solely through traditional passive products, as these leave investors fully exposed to losses in a declining market but also the risks of sector valuation bubbles in rising markets.”

Miles Robinson, Head of Tilney for Intermediaries, commented: “We have listened to the views of financial advisers who are hungry for lower-cost managed solutions for their clients but who also recognise the limitations of existing passives-only products that exclusively invest through market-cap weighted trackers. The APP funds are a genuinely innovative solution that enables investors to access the benefits of a truly active and successful approach to asset allocation, with use of lower-cost instruments to provide a series of risk-rated, cost-effective multi-asset solutions.”


The value of investments, and the income derived from them, can go down as well as up and you can get back less than you originally invested.

This press release does not constitute personal advice. If you are in doubt as to the suitability of an investment please contact one of our advisers.

Past performance is not a guide to future performance.

The Portfolio is administered by Investment Fund Services Limited (IFSL), a subsidiary of Marlborough, one of Europe’s leading financial groups, who also act as the Authorised Corporate Director (or “ACD”) of the Open Ended Investment Company. This brochure is designed for general information only and should be read in conjunction with the following document: *Simplified Prospectus for the IFSL Tilney Bestinvest Multi-asset Portfolio which contains details of full product information, including details of charges and risks associated with investing, copies of which are available on request or online at: www.ifslfunds.com

Tracker funds track the performance of a financial index and as such their value can go down as well as up, much like shares, and you can get back less than you originally invested. Some are more complex so you should ensure you read the documentation provided to ensure you fully understand the risks.

Press contacts:

Jason Hollands
0207 189 9919 / 07768 661 382

Gillian Kyle
0203 818 6846 / 07989 650 604

About Tilney Bestinvest

Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.

We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.

We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.

Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.

The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.

For further information, please visit: www.tilneybestinvest.co.uk

About Tilney

Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years.  Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.

We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.

Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.