News Archive

City Financial, the London-based asset management group, is pleased to announce that it has signed an agreement with Investment Funds Direct Limited to place its fund range on the Ascentric Wrap platform, the independent wrap service exclusively for IFAs and the Fundsdirect fund supermarket for consumers.

As a result of the agreement the following funds are now available to investors directly through the online platform:

City Financial MultiManager Growth Fund
City Financial MultiManager Income Fund
City Financial Diversified Absolute Return Fund
City Financial UK Select Alpha Fund
City Financial Strategic Global Bond Fund
City Financial Strategic Gilt Fund

Commenting on the agreement, Andrew Williams, CEO of City Financial, said:
“City Financial offers advisers and investors a series of funds managed by individuals who are masters of their craft, such as the market-leading City Financial Strategic Gilt Fund and the City Financial Multi-Manager Income Fund.

Effective distribution is a vital aspect to our business and Ascentric has proven to be extremely popular with IFAs across the UK. We are therefore delighted that City Financial’s range of funds is now available on the Ascentric platform. I expect it will contribute significantly to creating further awareness of our funds.”

Michael Fordham, Business Development Director added
“We are pleased to welcome City Financial to our extensive list of quality fund managers. Our strategy is to make available a market-wide range of funds that enable our IFAs to select the right funds to suit their clients’ needs. The City Financial Funds further broaden this choice and bring the total number of Fund Managers to 150."