Retail ETF portfolio passes £100m asset mark

Evercore Pan-Asset’s PanDynamic model portfolio programme has attracted assets of £100m since its launch less than two years ago.

The firm's model portfolios, which trade on the Ascentric platform, use ETFs to provide RDR-compliant, risk-profiled passive fund structures.

The PanDynamic programme is only a portion of the company's total assets under management, but was its first offering for the retail market and has been successfully sold to smaller retail investors.

The firm operates what it calls a "low-cost, ETF-based investment proposition" to combine longer-term investments with short-term tactical plays designed to protect capital.

Chief executive Christopher Aldous says: "Ascentric provides a successful platform for us and our IFA partners, enabling them to access our model portfolios easily, charge a decent fee and retain the whole of the client relationship.

"Judging by the encouraging response so far, our core value of "Keeping it Simple" seems to be what IFAs want and we look forward to further growth in 2011."