Cazenove confirms launch of Diversity Income fund
Cazenove is to launch its Diversity Income fund on December 15 having been granted FSA approval.
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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