Wesleyan’s With Profits Growth Fund is now available on abrdn’s Wrap platform.
The mutual’s fund is the first smoothed With Profits fund on abrdn’s platform, allowing advisers and paraplanners to incorporate it into diversified portfolios and serve more clients with a greater variety of needs.
Karen Blatchford, managing director, Intermediary Distribution at Wesleyan, said: “The launch of our With Profits Growth Fund on Wrap means that it is now available on more independent platforms than any other smoothed With Profits fund.
“We’re proud to be partnering with abrdn and will continue to be a first mover in this space, with continued innovation and investment in making smoothed With Profits as accessible as possible in the platform era at the heart of our approach.”
The Fund invests in a range of asset classes to diversify risk and applying a smoothing mechanism to reduce the impact of short-term price fluctuations.
It offers daily pricing, daily trading and daily smoothing, so advice firms using abrdn’s Wrap can get the instant information they need and clients can access their investments immediately.
Russell Bignall, managing director at abrdn, said the addition of the fund is “all part of our work to offer advisers and their clients greater investment choice on our platform. We are committed to making things simple for advisers, with support they need and the solutions that deliver.”
