7IM launches passive multi-asset fund range
By Katey Pigden 15
th December 2020 12:31 pm
Investment manager and wrap provider 7IM has launched a passive low-cost multi-asset fund range called the 7IM Pathbuilder.
The company says the move will provide advisers with low-cost access to “deeply diversified” investment solutions, which is “critical” in current market conditions.
The range will comprise of three funds 7IM Pathbuilder 1, 2 and 3 – each with an annual management charge of 0.22 per cent.
7IM’s Pathbuilder funds will be available on the firm’s platform and will be accessible on third-party platforms “soon”.
The firm’s managing director of intermediary Verona Kenny says: “7IM has been a long-term believer in the utilisation of passive investments to provide simple, cost-effective and well-diversified solutions that can meet the varying needs of our clients.