RBC Brewin Dolphin has launched two new shares classes for advisers (‘O’) and institutional investors (‘S’) for its £6.5bn MISM fund range. Additionally, the range now has a five-year track record.
The fund range has five ‘manager of manager funds’ that allocate a proportion of each fund across a number of third-party managers. The funds cover UK Equity, UK Equity Income, North American Equity, Bond and Alternative strategies.
Antony Champion, head of intermediaries for RBC Brewin Dolphin said:
“After five successful years, we wanted to make our fund range more accessible. The range has been popular because advisers’ clients benefit from the reduced fees associated with large-segregated mandates rather than pooled retail funds, and our funds now have a good five-year track record.
Advisers who construct their own portfolios asked us if they can invest directly into our funds as building blocks. Similarly, we’ve also had some institutional investors, that don’t have the scale to launch their own manager of managers fund range, ask us if they can access ours.”
The new shares classes are available on most advisory platforms and with our offshore bond and SIPP providers.
| Fund range: | Size (£m) | O share class OCF (%) | S share class OCF (%) |
| MI Select Managers North American Fund | 1,655 | 0.71 | 0.61 |
| MI Select Managers UK Equity Income Fund | 509 | 0.78 | 0.68 |
| MI Select Managers UK Equity Fund | 911 | 0.73 | 0.63 |
| MI Select Managers Bond Fund | 2,577 | 0.56 | 0.46 |
| MI Select Managers Alternatives Fund | 831 | 0.81 | 0.71 |
In 2020, RBC Brewin Dolphin launched its Voyager risk-rated fund range that sub-invests in the MISM funds amongst other assets.
