abrdn launches Money Market MPS

22 February 2024

abrdn has launched the abrdn Money Market MPS in response to client demand to provide a low risk MPS alternative to cash products.

The aim of the abrdn Money Market MPS is to provide a return closely aligned to the Bank of England base rate and is exclusively available on abrdn Wrap and Elevate platforms. The portfolio will be available across all tax wrappers allowing advisers to access and mix and match solutions alongside their existing investment propositions. There is no minimum investment amount and no notice periods, giving clients full flexibility and an attractive option for those wanting to hold cash in the current climate.

The portfolio will be rebalanced on a quarterly basis and the component money market funds will be reviewed on an ongoing basis to ensure they continue to meet the aims of the portfolio. It will have an overall cost of 0.16% (excluding transaction costs).

abrdn’s Money Market MPS complements the existing portfolio ranges. There are 3 investment styles applied across 4 portfolio ranges, with 5 risk assessed models in each range, providing advisers with a range of solutions to meet client’s different investment preferences and attitude to risk.

Russell Bignall, Managing Director at abrdn, said: “In the current environment we know demand is increasing for low-risk cash like solutions to take advantage of high interest rates and that’s why we’ve launched the abrdn Money Market MPS. It provides advisers with an additional solution to meet this demand and retain assets in one place. Via our platforms, advisers benefit from the capability to diversify portfolios to meet client needs and our investment management expertise.”

“We are more than a platform, we’re a broad business helping to solve a variety of challenges for our clients. We have spent a lot of time talking to advisers about the solutions they want from us to help support the changing needs of their clients. This is the first of a range of investment solutions we’re developing in response to their feedback that will be available on the platform over the course of the year.”

Source: abrdn