Omnis expands investment offering with the launch of a new Access Passive Fund range
Omnis Investments (“Omnis”), part of The Openwork Partnership (“Openwork”), today broadens its investment proposition with the launch of the Omnis Access Fund range, a series of passive global investment funds developed exclusively to meet the needs of Openwork and 2plan advisers and their clients and complements Omnis’ existing range of active solutions.
Designed and overseen by Omnis, the Access Fund range incorporates the firm’s existing investment philosophy, strategic asset allocation framework and risk management process. This ensures that the funds are constructed to reflect what is appropriate for Openwork and 2plan clients, rather than relying solely on standard market capitalisation indices. Unlike most standard passive funds, the Access Fund Range will also be monitored and its asset allocation adjusted over time by Omnis, enabling advisers and their clients to benefit from a higher level of scrutiny and governance.
Available exclusively to clients of advisers in Openwork and 2plan, day-to-day investment management will be delegated to Legal & General (L&G), one of the world’s leading passive investing experts. This will ensure that clients benefit from a low-cost and broad market exposure platform, something that L&G excel at, alongside Omnis’ investment expertise, strategic asset allocation and rigorous oversight.
The new range will sit alongside Omnis’ existing active fund offering, including Omnis Agility, which provides clients with a suite of actively managed portfolios designed to help achieve specific financial goals. Omnis Agility combines actively managed Omnis funds with carefully selected Exchange Traded Funds (ETFs), giving clients access to diversified investment opportunities.
Rohit Vaswani, Director of Investment & Client Solutions, Omnis Investments, said: “We’re committed to continuously evolving our proposition, ensuring that advisers across our network have access to market-leading investment solutions that reflect the evolving needs of their clients. The launch of Omnis Access is a key part of that evolution. This new passive fund range complements and enhances our existing investment solutions, whilst remaining closely aligned to our investment principles and processes. Advisers are now benefitting more than ever from Omnis’ cost effective, and cohesive, adviser-led proposition designed to meet the real-life needs of their clients.”
Ben Cherrington, Head of UK Wholesale, Legal & General (Asset Management) said: “We are delighted to be entrusted with the day to day investment management of this new range. By combining the scale and expertise of L&G with the Omnis team’s investment framework, we look forward to providing Openwork advisers with a leading and broadly diversified passive fund range that is tailored to the risk profiles of their clients.”
