View the article online at http://citywire.co.uk/money/article/a607012
Investec adds income fund to risk-rated range
Investec Asset Management to launch an income fund run by John Stopford and Max King.
The fund, which is set to launch in the coming months, will be the last addition to form the five-strong product line-up, which focuses on delivering an outcome rather than relative performance.
This diversified fund of funds can invest in Investec’s products, as well as external funds and products such as exchange traded funds (ETFs).
The range also brings together three of the firm’s existing funds, comprising Alastair Mundy’s Cautious Managed fund as well as the Multi-Asset Protector and Managed Growth funds, both run by Saunders and King.
Each fund is also independently risk-rated by consultancy Distribution Technology, and Investec said the funds have ‘competitive’ total expense ratios.
Stopford and King recently took over the management of the firm’s Managed Distribution fund, which was formerly run by Mundy.
Stopford also manages, among other funds, the Investec Global Bond fund, a Citywire Selection pick, delivering 26.43% over three years to the end of May versus the Citigroup WGBI Total Return index’s 22.78%.
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by Eleanor Lawrie on Sep 01, 2014 at 15:57