Waverton Investment Management has launched a multi-asset fund seeking a return of 3.4% a year aimed at retirees and other income-seeking investors such as personal injury claimants.
The Cautious Income Fund, managed by John Bellamy, will invest in between 20 and 30 holdings with the flexibility to move between asset classes and investment approaches.
“The launch of the Cautious Income Fund is partly in response to recent changes in pension legislation,” says Bellamy. “The new legislation provides retirees with greater flexibility and more options.”
He adds that Waverton, which has £5.2 billion (€6.5 billion) under management, has had demand from financial advisers for an income-based fund.
The fund is a Ucits-compliant open-ended investment company domiciled in Ireland and denominated in sterling.
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