IBOSS has launched a 90% equity passive MPS as part of its range.
Passive Portfolio 8 is the ninth portfolio to be made available within the Passive MPS range and will contain the highest exposure to equities of 90%. The offering was launched on 1 November 2022.
Passive Portfolio 8 will be available on the platform of choice from IBOSS’ list of available MPS platform providers.
IBOSS said that in keeping with the existing passive portfolios, Portfolio 8 contains primarily passive and index funds, with a minimum of 15 and a maximum of 30 funds in each portfolio and an 8% maximum holding per passive fund.
IBOSS will continue to manage the existing portfolios (0-6) across the four MPS ranges under their current allocated Ongoing charges figure (OCF) cap. Whilst Portfolio 8 in the Passive range will, for the time being, operate just outside of the range’s 0.14% cap at 0.17%, IBOSS believes the price remains competitive considering the higher equity content.
Michael Heapy, senior investment analyst at IBOSS, said: “Despite market concerns, many investors still maintain an appetite for risk in both our Core and Passive ranges. Given the popularity of our passive range this year and the feedback from our adviser firms, we decided it would be desirable for clients and advisers to expand our passive range. Covering a wide variety of client requirements is important to us, and adding a Passive Portfolio 8 will only increase this.”
The chart below highlights each portfolio’s progressively increasing equity content and incorporates IBOSS’ new Passive Portfolio 8.
The IBOSS MPS offers four ranges of discretionary model portfolios– Core, Passive, Income and Sustainable. Built specifically for the financial adviser marketplace, the MPS offerings provide practical and cost-efficient ways to outsource the management of clients’ investments, whilst aligning them to their long-term investment goals, appetite for risk and desired investment style.
