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MAM targets 4% yield with multi-asset fund launch

MAM targets 4% yield with multi-asset fund launch

MAM Funds is launching a multi-asset income fund targeting a 4% yield for managers Martin Gray (pictured) and James Sullivan.

The Miton Global Diversified Income fund, which launches of 4 May, will have 37% invested in bonds, 31% in equities, 10% in property, 10% in infrastructure, 6% in convertibles and 6% in cash.

The fund will have between 25-35 holdings, the bulk of which will be invested in open and closed ended collective investment vehicles while the rest will be invested in direct equities and bonds.  

The minimum investment threshold has been set at £1,000 with an initial charge of 5% for retail investors, and a 1.5% annual charge.

News of the launch comes just a week after MAM reported a strong set of full year results, with revenues up 5.6% from £10.6 million to £11.2 million.

Average funds under management rose 4.9% to £1.7 billion and MAM ended the year cash-rich, generating £3.5 million of pre-tax cash to have £9.9 million on the books.

With its coffers full of cash, the fund group also announced it would pay its

Sullivan and Gray run three funds together, the Miton Special Situations Portfolio, Miton Strategic Portfolio and Miton Arcturus funds. 

Over three years the Miton Strategic Portfolio has returned 18.68% compared to 34.16% in the LCI Mixed Asset Global benchmark.

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