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A range of ready-made ‘Smart’ portfolios offering a range of investment options to suit different risk profiles will accompany the launch. It will offer a collection of multi-asset model portfolios, backed by a range of actively managed and passive funds. M&G Wealth is teaming up with financial app Moneyfarm to provide a direct digital investment service aimed at meeting a range of customer risk appetites and profiles. Bestinvest’s previous Spot the Dog report last summer identified 77 funds worth just under 30 billion. The company says the reason for an increase in the number of poor performers is because of additions from the Global and Global Equity Income investment sectors. Also featured in the analysis were Invesco’s UK Equity Income and UK Equity High Income portfolios, described by Bestinvest as “perennially misbehaving funds”.
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