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Investec adds income fund to risk-rated range

Investec adds income fund to risk-rated range

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.

The firm recently launched the Diversified Growth fund for Philip Saunders and King, with the aim of targeting real returns by delivering CPI plus 5% over a cycle.

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%.

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Max King
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6/52 in Mixed Assets - Flexible GBP (Performance over 3 years) Average Total Return: 43.67%
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70/188 in Equity - Global Equities (Performance over 3 years) Average Total Return: 44.94%
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3/4 in Bonds - Euro High Yield (Performance over 3 years) Average Total Return: 18.08%
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