Omnis Investments, manager of the Omnis fund range available exclusively to Openwork advisers, is to expand its offering as part of a wide-reaching fund development programme.
Subject to FCA approval, Omnis is to launch a raft of new strategies by the end of the third quarter 2018.
The first is a new Asia Pacific ex-Japan equity strategy, managed by Veritas Asset Management. The lead manager will be Ezra Sun in London, supported by his team in Hong Kong. There will also be a new Japanese equity strategy, managed by Schroder Investment Management. The co-managers will be Andrew Rose and Masaki Taketsume.
Omnis will also launch two new UK equity strategies, one investing across the whole of the UK market, and another focused on UK smaller companies. Both of these will be managed by Franklin Templeton Investments, which took over running of the Omnis UK Equity Fund in June. While they adopt a team approach, the lead manager on the all companies strategy will be Colin Morton, with Richard Bullas heading up the smaller companies strategy.
In addition, Columbia Threadneedle Investments will manage two new fixed income strategies, a UK gilt strategy headed by Dave Chappell, and a sterling corporate strategy run by Alasdair Ross.
It is anticipated that the discretionary Omnis Managed Portfolio Service and the Openwork Graphene model portfolios will benefit greatly from the diversification and portfolio construction benefits of a wider fund range, covering a broader selection of asset classes and specialist managers. The changes will also make it easier for advisers and clients to understand how their money is being managed.
Toni Meadows, Chief Investment Officer, Omnis Investments, says: “This is an exciting next stage in the evolution of Omnis, with access to an excellent selection of fund managers. The development programme will see the Omnis sector range increasing this year, with additional launches planned in 2019. This will further expand fund choice, geographical coverage, and investment manager diversification, while ensuring that both our Omnis Managed Portfolio Service and the Graphene model portfolios are closely aligned to the Openwork attitude to risk framework.”