Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Old Mutual launches risk-rated income range for Ventre

Old Mutual launches risk-rated income range for Ventre

Old Mutual Global Investors has launched a range of multi-manager income funds for John Ventre, who was recently appointed head of multi-manager at the fund group.

The news follows the announcement of plans to ‘significantly’ scale up its product offer in the wake of its merger with Skandia Investment Group.

The four risk-targeted Generation Funds have income targets of between 4-6% and will be run by the same team responsible for the Skandia Spectrum fund range.

Ventre said the funds addressed a gap in the market and were designed to complement rather than replace the Spectrum range.

‘Our four new funds offer a variety of income solutions and address a real gap in the market, in particular those looking to enter in to income drawdown, but who are concerned about whether their pension will last the distance,’ he said.

‘With returns on cash and government bonds at, or near, historical lows and highly volatile equity markets, we believe that these products will form a complete outsourced solution to complement our Spectrum funds and prove to be highly popular with investors who are looking for income.’

The range will be marketed under the Skandia name until the business has been completely rebranded.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter