Architas, the multi-manager arm of Axa, has launched three multi-asset funds of passive funds for Steve Allen, an investment analyst at the firm.
The Dynamic, Growth and Reserve Multi Asset Passive funds will have total expense ratios capped at 1.3% and will invest in a range of tracker funds, chosen by the firm's investment team. The latest launch complements Architas' range of risk-rated multi-asset funds, joining the Adventurous, Balanced and Cautious products. The funds' asset allocation weightings between bonds, equities and property will be decided by financial modelling firm eValue FE. Caspar Rock, chief investment officer at Architas, said: "Many investors find passive funds easier to understand because they can be e...
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