Neptune adding US and UK income
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Neptune has bolstered its fund range with the soft launch of both a US income fund and a UK higher-income fund.
As revealed by moneymarketing.co.uk, the US income fund will have 40 to 60 holdings, which will predominantly invest in high-yielding North American companies.
The fund is positioned in the Investment Management Association’s North America sector and is managed by Rebecca Young, who is also assistant manager on the Neptune US opportunities and US max alpha funds.
Neptune has also launched a UK higher-income fund under the management of Emma Stanford.
The UK higher-income fund is also a high-conviction portfolio, investing in 40 to 60 stocks consisting of equities with an above-average yield and investment-grade bonds.
The higher-income fund targets a yield of 120 per cent of the FTSE all share and is in the IMA’s UK higher equity and bond income sector.
Neptune also launched an Africa equity fund in August this year for returning fund manager Shelley Kuhn.
Hargreaves Lansdown senior analyst Meera Patel says: “I think that, soft launch or not, Neptune has too many funds. They have a good business model but I feel they are adding too many products to the range and need to focus on their strengths.”
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