Home Financial Planning Abrdn launches Cash Market MPS

Abrdn launches Cash Market MPS

Abrdn launches Cash Market MPS


Funding supplier Abrdn has launched a brand new MPS product, the Abrdn Cash Market MPS, to satisfy 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 price, the agency says.

The Financial institution of England base price is presently 5.25%.

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

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

There is no such thing as 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 often to make sure they meet the goals of the portfolio, Abrdn says.

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

Abrdn’s Cash Market MPS bolsters the prevailing 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 atmosphere we all know demand is rising for low-risk money like options to make the most of excessive rates of interest and that’s why we’ve launched the Abrdn Cash Market MPS.

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

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



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