Prism launches multi-manager income fund
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Prism Capital Management has added an income fund to its £195m multi-manager range.
The IFDS Prism Distribution fund is managed by the multi-manager team at Octopus Investments and aims to deliver a stable yield of 4% to 5% with capital growth that at least matches inflation.
The fund, which is available through the Ascentric, Nucleus, Standard Life and Transact platforms, has a minimum investment of £1,000 and an annual management charge of 1.75%.
Underlying investments in the new portfolio will be chosen for their ability to offer a natural income but also have to show the potential of delivering growth over time. A blend of active and passive investment styles will be used in portfolio construction.
Anthony Morrow, a director at Prism, says: “With high inflation a serious concern for savers, many investors are seeking solutions that offer not only a regular income stream but also capital growth that stays at least in line with inflation.”
The company’s multi-manager range also includes the IFDS Prism Cautious Growth, IFDS Prism Capital Growth and IFDS Prism Advanced funds.
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