James Hay adds Black Rock and SWIP funds to wrap platform

James Hay has added two new funds from Blackrock Merrill Lynch and Scottish Widows to its Wrap platform.

The total number of funds now available on James Hay Wrap totals 1,246 from 55 different providers.

The funds added to the platform are:

Blackrock Merrill Lynch Absolute Alpha
Scottish Widows Multi-Manager Global Real Estate

Shaun Sandiford, Regional Sales Director, James Hay, said: “We are delighted to offer these funds from Black Rock and Scottish Widows which encompass both absolute and property investment strategies. This reflects the growing appetite for absolute return strategies and REITs/property securities as intermediaries seek safer havens for clients’ money in volatile markets.

“James Hay is committed to offering as wide a range of investment options to help IFAs give their clients the best possible service.”

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £12 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports “any fund, in any tax wrapper at any time” and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.