Evercore Pan-Asset funds of ETFs on Ascentric

Evercore Pan-Asset has launched two OEIC funds on Ascentric which will invest in exchange traded funds (ETFs).

The launch of the two OEICs - PanDYNAMIC Growth and PanDYNAMIC Balanced - builds on the model portfolio versions of Evercore's funds available on Ascentric.

The OEICs will invest predominantly in ETFs, mirroring the investment approach of the PanDynamic model portfolios.

By investing in low-cost index-tracking ETFs, the two funds aim to keep the overall cost of investing down to just 0.6% per annum for institutional and charity investors - although the overall cost for retail investors may be higher.

"The platform's low costs coupled with the PanDYNAMIC funds' low TERs should provide a compelling solution for IFAs and their clients," says Evercore Pan-Asset chief executive, Christopher Aldous.