Newcastle upon Tyne-based investment and advice group True Potential has reported over GBP1 billion of net inflows into its funds during 2016, following the launch of the firm’s 10 multi-asset, multi-manager portfolios.
In the 12 months from January to December 2016, a total of GBP1.02 billion of new money was invested into True Potential’s 26 funds, sub-managed by UBS, Allianz Global Investors, Schroders, SEI, 7IM, Columbia Threadneedle and Close Brothers.
Compared to the previous year, inflows increased by GBP140 million or 16 per cent, taking the firm through GBP1 billion for 2016 by net retail sales.
The 26 funds provide the building blocks for the True Potential Portfolios. The range of 10 multi-asset, multi-manager portfolios was launched at the end of 2015, with growth returns of up to 24 per cent to date.
Senior partner Mark Henderson says: “We’re extremely happy to report over GBP1 billion of inflows into our funds through 2016. The funds have performed exceptionally well while the True Potential Portfolios have attracted investors and advisers in the wake of market-moving global events.
“The level of diversification we are able to achieve with our global fund manager partners is a key factor. Investors have global exposure to over 120,000 individual holdings, helping to smooth out bumps in the road with discretionary management at no extra charge. The combination of both has produced this outstanding result.”