Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

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%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: 'for the first time since 1981, I have to watch politics'

Profile: 'for the first time since 1981, I have to watch politics'

James Hambro & Partners’ William Francklin says he is having to factor politics into his thinking for the first time in his 36-year career

Wealth Manager on Twitter