Private investment office Signia is making its award-winning investment strategies available to the wider retail market via its newly launched retail arm, Signia Invest.
Signia, which runs global portfolios for ultra high net worth individuals and institutions, has launched a fund range that will be made available to financial advisers and direct investors through Signia Invest’s online platform, which will launch imminently.
Signia has appointed IFSL Fund Services as Authorised Corporate Director (ACD) for the actively managed funds.
IFSL Signia Balanced and IFSL Signia Conservative are multi-asset funds and sit in the Investment Association’s Mixed Investment 20-60 per cent Shares and Mixed Investment 0-35 per cent Shares sectors respectively. The third fund is IFSL Signia Sovereign, a government bond fund that will sit in the IA’s Targeted Absolute Return sector. The funds have estimated ongoing charges figures (OCFs) of 1.17 per cent, 1.10 per cent and 0.55 per cent respectively.
A fourth fund, IFSL Signia Growth, a multi-asset portfolio that will sit in the IA’s 40-85 per cent Shares sector, is to be launched this year.
Appetite for wider access to Signia’s strategies has been strong and the company project aggressive growth throughout 2021. IFSL Signia Sovereign in particular is well placed to offer a safe alternative for cash deposits where few others exists.
Signia’s investment team, with over 180 years’ combined experience in the industry, will be responsible for running the funds. The team is overseen by Michael Rosenthal, Signia’s Chief Investment Officer; Ammalan Annalingam, Signia’s Co-Head of Multi-Asset Investments; and Robert Lee, who is Co-Head of Multi-Asset Investments and Head of Fixed Income.
Carnegie Smyth, CEO of Signia, says: “We specialise in running highly successful investment strategies for ultra high net worth individuals.
“Now Signia Invest has been launched to allow other investors access to the same expertise, through funds managed by the same award-winning team.”
Martin Ratcliffe, Associate Director of Business Development at IFSL, says: “We’re delighted to have been selected by Signia to act as ACD for these funds and look forward to playing a key role in helping them deliver their award-winning investment solutions through a fund structure.
“Unitising portfolios in this way increases efficiency and will bring considerable advantages both for Signia’s existing clients and for new investors and their advisers.”
The funds will be available through a number of international platforms and further expansion of distribution is planned with direct-to-consumer access in the UK available imminently via Signia Invest’s own online platform.
The funds will be available initially through a sterling share class, but there are plans to introduce US dollar and euro share classes.
