The approach is designed to provide a simpler path to building long-term wealth, the UK-headquartered firm – operating in a number of jurisdictions – said.

St James’s Place, the UK-listed wealth manager, has launched what it calls Lumina, a new range of multi-asset portfolios.

The portfolios use low-cost funds and exchange-traded funds as building blocks. Views based on valuations, risk/reward balances and diversification drive how the portfolios are put together.

“In today's complex financial landscape, many investors seek a simpler path to long-term wealth creation,” Angelina Lai, chief investment officer at St James’s Place Asia, said. “The Lumina portfolios address this need by offering a diversified, cost-effective solution actively managed by our Asia and Middle East Investment Committee, through leveraging our house asset allocation views and disciplined process to deliver sustainable performance for our clients.”

SJP, besides its UK home base, also operates in Hong Kong, the United Arab Emirates, and Singapore.