We’re known for providing outsourced investment solutions with a consistent risk-targeting approach and a dynamic strategic asset allocation (SAA) process.
We also have a reputation for staying relevant in the context of client requirements and the regulatory environment.
For example, we recently announced that our MyFolio Managed range is evolving into MyFolio Core, resulting in lower fees and a bigger investment universe.
Now is the right time to further evolve our MyFolio fund ranges.
We believe now is the right time to further evolve our MyFolio fund ranges, again with the aim of reducing costs to end-clients and enhancing client outcomes.
To this end, we’ve announced the proposed merger of the MyFolio Market fund range into the MyFolio Index range.
What’s changing?
The proposed merger of MyFolio Market into MyFolio Index follows a comprehensive review of our whole fund range, focusing on aligning investment objectives and regulation to serve investors better.
Key points
- MyFolio Market will merge into MyFolio Index
- No change to strategic asset allocation process
- No change to investment philosophy or risk requirements
- Lower cost for investors in the Merging Fund, MyFolio Market
- MyFolio Index Ongoing Charges Figure (OCF) is capped at 20bps
- Merger effective date 11 July 2025
- Strengthening our commitment to positive client outcomes
What are the benefits of the proposed merger?
The merger is driven by two primary factors: similarities and differences between the Market and Index ranges. Both ranges aim for long-term growth (5 years or more) and are managed to a defined level of risk, predominantly investing in passively managed funds.
The MyFolio Index range has delivered strong investment performance against peers and offers lower ongoing costs for both institutional and retail share classes than the MyFolio Market range.
Investment philosophy and approach
The SAA process - the bedrock of the MyFolio offering - is consistent across both ranges.
Clients will continue to benefit from this, with investors in the Merging Fund benefiting from lower MyFolio Index costs.
MyFolio Index does not employ Tactical Asset Allocation (TAA). As part of our review of the range, we considered the balance between costs, complexity and outcomes for investors.
In the Index and Market ranges, client focus has been towards lower costs and simplicity,
Consequently, we believe TAA is better suited for our active ranges.
Timeline and client actions
The merger is scheduled for 11 July 2025. It’s subject to approval by MyFolio Market shareholders. An Extraordinary General Meeting will be held on 23 May 2025. Investors in MyFolio Market will have received a letter about the merger with full details.
MyFolio evolution
The MyFolio Market-Index merger represents a strategic evolution aimed at delivering better investment outcomes through cost efficiency and simplified investment strategies.
Your next steps
For details about the proposed merger, visit our investor communications page and read our letter to MyFolio Market shareholders (scroll to the OEIC III section and choose your risk level).
To find out about the benefits of the MyFolio Index range, watch our video.
For more information about the MyFolio fund family, visit our website or speak to your local business development director.