Omnis Investments, adviser network Openwork’s £11bn specialist asset management company, has launched a new managed portfolio service (MPS) known as Omnis Agility.

The new fund range has four portfolios matched to different return targets and risk profiles.

The strategic asset allocation of the portfolios has been set in line with Openwork’s existing risk management frameworks.

In line with Omnis Investments’ active management approach, the majority of each of the portfolios will be allocated to actively-managed funds.

But around 30% of the assets in each portfolio will be allocated to exchange traded funds (ETFs), which Omnis said would allow the investment team to implement specific investment views through tactical asset allocation.

By combining actively-managed Omnis funds with ETFs, the new MPS aims to deliver efficient, cost effective and risk-conscious long-term investment returns, the firm said. 

Andrew Summers, chief investment officer at Omnis Investments, said: “We have designed Omnis Agility by considering how to successfully invest in today’s ever-changing markets, which requires flexible thinking and the ability to combine long term strategies with active portfolio management.

“We strongly believe in the ability of active investing to generate superior returns over the medium and longer term.”

Omnis Investments, the investment arm of The Openwork Partnership, manages more than £11bn of assets and offers a range of investment funds as well as a managed portfolio service. The Omnis funds are only available through advisers of The Openwork Partnership and 2plan wealth management.

The Openwork Partnership is one of the UK’s largest financial services networks having more than 4,300 financial advisers operating across the UK. It operates panels for pensions, annuities, and protection (life assurance, critical illness, General Insurance).