Investor Corner/The wider picture

5.2 Alternative Vehicles

PMS, AIFs, smallcases and robo-advisors: what each one actually offers beyond a standard mutual fund, and why most retail portfolios do not need them. PMS, AIFs, smallcases and robo-advisors all sit above or beside the standard mutual fund, usually with a higher entry ticket and a narrower audience. Most retail portfolios are well served by a mutual fund alone; this section explains what these alternatives actually offer so that is an informed choice rather than an assumption.