Evercore Pan-Asset has launched its two PanDynamic funds on independent wrap platform Ascentric.

The fund strategies are currently run exclusively as model portfolios on Ascentric, which proved the concept for this launch.

The two Oeic funds, PanDynamic Growth and PanDynamic Balanced, use Evercore Pan-Asset’s asset allocation process that invests mainly in exchange-traded funds.

By investing in low-cost index-tracking ETFs, the PanDynamic funds aim to keep the overall cost of investing down to just 0.6 per cent per annum for institutional and charity investors. The overall cost for retail investors may be higher.

Evercore Pan-Asset’s chief executive Christopher Aldous says: “We’re delighted that the new funds are available on Ascentric from launch. The platform’s low costs coupled with the PanDynamic funds’ low TERs should provide a compelling solution for IFAs and their clients.”

Richard Goodall (pictured), sales and marketing director at Ascentric, adds: “We are very pleased to be offering our users wider access to Evercore Pan-Asset’s funds. The Model Portfolio version of their funds has proven to be extremely popular and their availability now as Oeics should broaden their appeal still further.”