PortfolioMetrix launches model portfolio targeting 'cash-like' returns

The investment portfolio provider and manager said the freshly launched portfolio is made up of UK government bonds that mature within the next five years with a strong bias towards those maturing in the next two years. It said the PortfolioMetrix Short-Term Gilt Model was aimed at clients who have large cash positions and explained it was designed to act as a shorter-term savings product which provides a good alternative to bank cash deposits. It added the option was also tax efficient as gilts are subject to different tax treatment than cash deposits and would work well within tax w...