Cazenove confirms launch of Diversity Income fund
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Cazenove is to launch its Diversity Income fund on December 15 having been granted FSA approval.
Marcus Brookes
Managed by Marcus Brookes and Robin McDonald, the fund will follow a similar investment approach to the existing Multi-Manager Diversity fund, but the emphasis is more on income.
The fund targets an average yield of 4% per year and keeps capital in line with the consumer price index.
At launch the co-managers expect the asset allocation to be 45% in equities, 45% in fixed income and cash and 10% in alternatives. (article continues below)
They will invest in 10 funds including M&G Optimal Income, Invesco Perpetual Tactical Bond, JOHCM UK Opportunities, M&G Global Dividend and Jupiter Absolute Return.
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