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Old Mutual Wealth launches Compass Portfolios

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Old Mutual Wealth’s multi asset unit, which includes Old Mutual Global Investors (OMGI) and Quilter Cheviot, has launched the Old Mutual Compass Portfolios, consisting of four portfolios aimed at international investors. The range will be available across a number of jurisdictions, including Singapore and Europe and in a number of currencies. 

The launch is the first from the Old Mutual Wealth multi-asset unit, run by co-investment directors Anthony Gillham (pictured) and Ben Mountain which brings together the complementary skills of OMGI, in portfolio management, and Quilter Cheviot, in fund research – as well as pooling both businesses’ expertise in stock picking. The portfolios’ investment manager is OMGI, and they will be co-managed by Anthony Gillham and Sacha Chorley.
 
The firm writes that the objective of the Compass portfolios is to generate a long-term total return for international investors, while effectively managing downside risks. “By adopting a risk-targeted approach, with defined volatility parameters for each portfolio, investors will have a better idea of how their investments are likely to perform over the long term, throughout various market conditions. The portfolios each match a different risk profile, with Compass 2 targeting the lowest level and Compass 5 the highest. Using a tactical approach to asset allocation, the portfolio managers will review the mix of assets on a regular basis to achieve the best possible returns for each portfolio.”
 
The portfolios will take a diversified approach across asset classes, with no specific biases towards regions, currencies or investment styles. In addition to investing in the best funds from around the world, they can hold direct equities and bonds, investment trusts, and alternative investments.
 
Danny Knight, director, Old Mutual Wealth Multi-Asset Unit, says: “Demand by international investors for outsourced investment solutions has been steadily growing, as the focus on managing risk in volatile markets intensifies. We believe the Compass portfolios are truly addressing this demand: they are diverse, unconstrained and aim to maximise returns for investors, within a level of risk they are comfortable with.
 
“By introducing the proven approach of risk-targeting, used in the UK by the Old Mutual multi-asset team, advisers can establish their clients’ appropriate level of risk and then outsource investments to a trusted expert, with the knowledge that their on-going investment needs will be continually met, regardless of the economic condition.”
 
Anthony Gillham, portfolio manager, Old Mutual Compass Portfolios says: “The Old Mutual Compass Portfolios are genuinely actively managed; not only do we make long-term strategic asset allocations, there is also a strong focus on tactical asset allocation to manage short-term risks. Through in-depth analysis of markets, we aim to identify the best investment opportunities and when to exploit them. By investing in a diverse mix of assets, via the world’s best fund managers, specially selected direct securities and alternatives, we aim to ensure the best outcome for investors across all economic and market conditions, while consistently operating within an agreed level of risk.”

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