The Evidence MPS
A managed solution across five risk levels, available in both GBP and USD - 10 portfolios in total. It owns the whole market, then tilts towards the drivers of returns that decades of academic and practical evidence rewards, all at a low, transparent cost.
Broad market exposure, refined by financial science
Evidence-Based Core
Built on the market size, value and profitability tilts documented across nine decades of market data.
Broader Market Exposure
Thousands of holdings across developed and emerging markets, far beyond a handful of mega-capitalised stocks.
Beyond Concentration
Designed for clients seeking to move past the concentration risk of market-capitalised equity indices, towards other factor-based strategies.
A Systematic Approach
Systematic strategies from the most respected evidence-based asset managers.
Low Cost
An all-in cost of 0.25% to 0.39%, keeping more of the market's return with the client.
Best-in-Class
Asset managers whose approach is rooted in decades of financial research, combining evidence-based design with disciplined implementation.
Five risk levels
Tailored to five levels of risk and return, from capital preservation to long-term growth, and available in GBP and USD. The number in each name is its target equity allocation.
The virtues of indexing - and then some
Keeping the genuine virtues of indexing - broad diversification, low turnover, low fees and transparency - and building on them. Each portfolio is assembled in three layers: a broad global equity core, deliberate tilts towards higher expected returns, and high-quality, low-cost fixed income to shape each risk level.
01 · Global equity core
A broad, whole-of-market foundation across developed and emerging markets.
02 · Deliberate tilts
Towards size, value and profitability - the drivers research links to higher expected returns.
03 · High-quality fixed income
Low-cost fixed income used to shape and control each risk level.
Broader market exposure by design
No single name dominates. Returns are spread across a vast number of companies, sectors and countries, built to mitigate concentration risk rather than inherit it.
Typical tracker vs the Evidence portfolios
| Typical Tracker | The Evidence Portfolios | |
|---|---|---|
| Market exposure | Cap-weighted, dominated by the largest mega-cap names. | Whole-of-market: thousands of holdings, developed and emerging. |
| Diversification | Concentrated in a few hundred giant companies. | Broad across size, sector and geography. |
| Return tilts | None - you own whatever is biggest today. | Deliberate size, value and profitability tilts. |
| Managers | Often a single index provider. | Asset managers rooted in decades of financial research, with disciplined implementation. |
| Cost | Low headline fee. | 0.25%–0.39% all-in for an actively-designed solution. |
Strategic allocations
| Portfolio | Equity | Fixed income | Cash |
|---|---|---|---|
| Evidence 20 | 20% | 78% | 2% |
| Evidence 40 | 40% | 58% | 2% |
| Evidence 60 | 60% | 38% | 2% |
| Evidence 80 | 80% | 18% | 2% |
| Evidence 100 | 98% | 0% | 2% |
Strategic allocations, USD portfolios, as at 31 May 2026. Sterling versions available. Capital at risk.
Low, transparent, all-in
| Portfolio | MPS fee | OCF | Total cost |
|---|---|---|---|
| Evidence 20 | 0.12% | 0.13% | 0.25% |
| Evidence 40 | 0.12% | 0.16% | 0.28% |
| Evidence 60 | 0.12% | 0.20% | 0.32% |
| Evidence 80 | 0.12% | 0.24% | 0.36% |
| Evidence 100 | 0.12% | 0.27% | 0.39% |
How the portfolios are built
Manager & Fund Selection
We select systematic, physically-replicated ETFs from best-in-class providers, using evidence, low cost and trading efficiency as our criteria.
Strategic Asset Allocation
Portfolios are diversified globally across equities and fixed income, then tilted towards size, value and profitability to capture broad market returns efficiently.
Portfolio Construction
Whole-of-market core plus dedicated small-cap value, leaning away from large-capitalised concentration while controlling deviation from the market.
Risk Management
Clear volatility bands, stress testing and ongoing monitoring keep each portfolio within defined parameters.
Rebalancing
Portfolios are reviewed and rebalanced at least annually to stay aligned with risk and return targets.
