The first smoothed with-profits fund has been added to the Abrdn Wrap platform.
Wesleyan’s with-profits growth fund is designed to sit on independent adviser platforms and joins more than 4,000 mutual funds from more than 180 fund managers on Abrdn Wrap.
Karen Blatchford, managing director for intermediary distribution at Wesleyan, said: “The launch of our With Profits Growth fund on Wrap means that it is now available on more independent platforms than any other smoothed with profits fund."
The £4.27bn fund invests in a range of asset classes and applies a smoothing mechanism to reduce the impact of short-term price fluctuations.
Russell Bignall, managing director at Abrdn, added: “We’re pleased to announce the addition of the Wesleyan With Profits fund on Abrdn Wrap. It’s all part of our work to offer advisers and their clients greater investment choice on our platform.
"We are committed to making things simple for advisers, with support they need and the solutions that deliver.”
The fund offers daily pricing, daily trading and daily smoothing, so advisers using Abrdn’s Wrap can get the instant information they need and clients can access their investments immediately.
tara.o'connor@ft.com
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