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Morningstar launches international managed portfolios on Novia platform

22 July 2020

Morningstar Investment Management has launched a series of international managed portfolios on the Novia Global platform amid growing demand for discretionary low-cost solutions.

The portfolios, available from 1 July, hold non-UK situs assets, with an initial focus on services for professional clients in the Channel Islands, the investment management firm said.

The Morningstar International GBP Growth series comprises five different risk levels, from cautious to adventurous.

Emma Morgan, portfolio manager, Morningstar Investment Management, said: “Morningstar Investment Management is delighted to announce the launch of its portfolios on the Novia Global international platform. Investment management is complex at the best of times, but 2020 has proved to be one of the most challenging periods in recent memory, leading to more professional advisers seeking discretionary support with low cost solutions.”

Steve Andrews, managing director, Novia Global said the firm was “thrilled” to be extending the breadth of its investment offering.

Andrews commented: “Morningstar has a reputation in the international investment space for agility, expertise and investment excellence which makes their low-cost GBP managed portfolios an ideal and exciting addition to our platform.

“We firmly believe that this new tie-up sets us apart from our industry peers. Our online platform functionality and efficiencies, combined with Morningstar’s excellent fund management expertise and their global investment research and ratings team, will add an additional dimension to our platform which will greatly simplify the client account management processes and also reduce the regulatory burden on advisers. As a result of this, advisers will have the luxury of being able to spend more quality time with their clients.”

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