Tilney Bestinvest has announced the launch of its new Advanced Passive Portfolio fund range for UK financial advisers and their clients. The APP funds will combine an active approach to asset allocation invested through smart beta passive investments and low cost trackers. The suite of five risk-rated multi asset UCITS OEIC funds are launched with a fixed price offer period on each fund of 100p per share from 1 February to 15 February. The risk rated funds include a high proportion of exchange traded products; Cautious 59%, Balanced 57%, Growth 60%, Aggressive Growth 62% and Income 60%.