Abrdn launches Cash Market MPS



Funding supplier Abrdn has launched a brand new MPS product, the Abrdn Cash Market MPS, to fulfill consumer for a low danger MPS various to money merchandise.

The Cash Market MPS will goal to ship a return intently aligned to the Financial institution of England base fee, the agency says.

The Financial institution of England base fee is at present 5.25%.

The MPS is accessible on the Abrdn Wrap and Elevate platforms.

The Managed Portfolio Service can be out there throughout all tax wrappers, the agency says, permitting advisers to ‘combine and match’ options alongside present funding propositions.

There isn’t a minimal funding quantity and no discover interval.

The portfolio can be rebalanced on a quarterly foundation and the part cash market funds can be reviewed usually to make sure they meet the goals of the portfolio, Abrdn says.

The fund has an total value of 0.16% (excluding transaction prices).

Abrdn’s Cash Market MPS bolsters the present portfolio ranges which comprise three funding types utilized throughout 4 portfolio ranges, with 5 risk-assessed fashions in every vary.

Russell Bignall, managing director at Abrdn, stated: “Within the present surroundings we all know demand is rising for low-risk money like options to benefit from excessive rates of interest and that’s why we’ve launched the Abrdn Cash Market MPS.

“It supplies advisers with a further resolution to fulfill this demand and retain belongings in a single place. Through our platforms, advisers profit from the potential to diversify portfolios to fulfill consumer wants and our funding administration experience.” 

Abrdn manages and administers £495bn of belongings for shoppers (as at 31 December 2023). It has three enterprise arms – Investments, Adviser and Private. The Adviser enterprise supplies Monetary Planning options and expertise for UK monetary advisers. As at 31 December 2023, the Adviser enterprise administers £73.5bn of belongings.




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