View the article online at http://citywire.co.uk/wealth-manager/article/a607012
Investec adds income fund to risk-rated range
by Emma Dunkley on Jul 30, 2012 at 10:02
Investec Asset Management is launching an income fund for managers John Stopford (pictured) and Max King, to complete its new risk-rated Managed Solutions range ahead of the retail distribution review, Wealth Manager understands.
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 for clients, 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 , the Multi-Asset Protector fund and the Managed Growth fund, 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%.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
Look up the funds
Look up the fund managers
More from us
- Van Pittius teams up with Eerdmans to co-head EMD at Investec
- Investec gets RDR-ready with Managed Solutions Range