Today, leading financial planning and risk profiling services business, Distribution Technology and iNDEXX Markets, the provider of bespoke managed indices; announce the launch of two new indices. In addition, two new funds that track these indices have also been added to the existing DRP range, bringing the total range of funds [available] to six.
The new funds benefit from an AMC 0.20%, and the existing funds also benefit from a cut in their AMC from 0.25% to 0.20%. For existing investors with almost £250 million in assets in the DRP range, this represents a saving of £125,000 per annum.This pricing is made even more competitive given the lack of any kind of initial investment charge.
Andrew Berry, Director at iNDEXX Markets, commented: "iNDEXX Markets is a bespoke investment solution that caters explicitly to the designs and ambitions of its client base. The addition of the new indices to the platform is another such example of this, offering investors good value, with charges being cut and crucially no entry fee."
Chris Fleming, Head of the Financial Analytics Team at Distribution Technology said, "DT now profiles in excess of 600 funds for more than 60 fund groups and is the UK market leader in fund risk profiling. We wanted to provide a means by which these communities could accurately track or manage investment performance against an agreed risk level; these new and unique indices allow our clients to do this."
The "Dynamic Planner Goldman Sachs i-Select Total Return Strategy indices" are provided by iNDEXX Markets and have Goldman Sachs as pricing agent.These innovative new indices have been designed to give managers and investors a daily benchmark which can be invested in, or used to assess relative performance, and are based on DT's most popular risk profiles. They are among the first indices of their kind to provide relevant, risk-based benchmarks to an individual investor's risk profile or investment objective, in contrast to the normal market or peer group-based indices which are not personalised.