Owner-managed investment manager Waverton has launched three new multi-asset funds.

The London-headquartered firm has added three new strategies to its multi-asset fund range: Defensive, Cautious, and Balanced.

They will invest in a range of asset classes across fixed income, equities, alternatives and cash.

They will have ‘real’ inflation-plus investment objectives ranging from CPI + 2% to CPI + 3.5%.

The existing funds within the multi-asset range have around £1bn invested in them.

Waverton said it has launched the new funds following a surge in demand from financial advisers.

Nick Tucker, CEO at Waverton, said: “The growth in the Adviser Solutions channel continues to be outstanding, with inflows last year averaging £100m a month and the business growing year-on-year since 2019. Capitalising on this momentum, the new Multi-Asset Funds will complement Waverton’s existing offering by establishing a new proposition that caters to all types of investment risk appetites.”

The fund manager added that recent changes to Capital Gains Tax have made wrapped solutions a more attractive option.

Waverton launched a new managed portfolio service and Adviser Solutions channel, which averaged inflows of £100m in inflows last year.

The funds will be available to financial advisers, their clients and other investors. They will be rated by Defaqto and Dynamic Planner.

John Bellamy, head of adviser solutions at Waverton, said: “This new range of Multi-Asset Funds marks the next stage in the continued growth of our Adviser Solutions business.

"Our established network of relationships with hundreds of IFAs across the country has allowed us to identify the demand and focus our efforts on delivering an offering that performs as well as the MPS offering and meet the needs of IFA clients.”

Waverton currently has over £10bn in assets under management and 175 employees. It works with 700 financial advice firms directly and across 25 investment platforms.

Waverton recently sold its stake in London-based IFA firm Timothy James & Partners (TJP) due to the brand having "aspirations" that did not align with those of Waverton.