Omnis Investments, a fund range available exclusively to Openwork advisers, is to launch two new funds on 5 December 2017, to be offered initially though the Omnis Managed Portfolio Service, a risk-graded discretionary management service for Openwork clients.
The Omnis Strategic Bond Fund is to be run by Fidelity International’s Ian Spreadbury, Claudio Ferrarese and Tim Foster. It greatly enhances the service’s ability to diversify across fixed income, investing across developed and emerging market government bonds, inflation-linked bonds, investment grade and high-yield corporate bonds.
Spreadbury is one of the most respected and recognisable names in the fixed income space with over 30 years of investment experience. He and co-managers Ferrarese and Foster will focus on what they see as three core pillars of bond investing – aiming to deliver an attractive risk adjusted return, while striking an appropriate balance between income, low volatility and equity diversification.
The Omnis UK Equity Income Fund is to be run by Royal London Asset Management’s Martin Cholwill. The fund gives the service much greater choice and flexibility in allocating across UK equity holdings, sitting alongside the Omnis UK Equity and Omnis Income & Growth funds.
Cholwill has vast experience in managing money since 1983, and is widely recognised as one of the best fund managers in his field. The fund will adhere to Martin’s robust, stable investment process, which has proven effective through several market cycles. His high-conviction style focuses on fundamentals, favouring companies with strong business models and sound finances.
Toni Meadows, Chief Investment Officer at Omnis Investments, says: “These managers are from the very top-tier of UK investors, and we are thrilled to have secured their talents for Openwork advisers and their clients.
“The new funds offer diversification benefits, as well as the ability to deliver meaningful yields to the portfolios, and are a great addition to our armoury.”
He added: “Six months in and the Omnis Managed Portfolio Service is already gaining traction, and adding additional funds to the toolbox makes us more confident that we can deliver greater, cost-efficient diversification and even better risk-adjusted returns”.
John Clougherty, head of wholesale at Fidelity International, says: “Fidelity International is delighted to have been selected by Omnis to provide fixed income expertise for the Omnis investment proposition. We very much look forward to working with Omnis and the Openwork advisers.”
Phil Reid, head of wholesale at Royal London Asset Management, says: “RLAM is delighted to partner with Omnis and work with the growing number of Openwork advisers. I’m particularly pleased Omnis has selected our UK Equity Income strategy; we see this as a strong endorsement of our investment process.”