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Kames Capital considers multi-asset income fund

Kames Capital is considering launching a multi-asset income fund to capitalise on the trend of investors seeking income.

The firm currently has a number of single-asset funds that pay an income, including six bond funds in the UK Oeic range, the £232.3m ethical equity fund, £362.9m UK equity fund and £350m healthcare property trust.

Head of retail Steve Kenny believes income will be one of the biggest investment trends in the coming years.

He says: “It is the demographics of society that will make income products popular. More people are retiring and looking to draw an income and more investors are questioning the value of annuities.

“The product would be fettered, investing in funds the firm runs. We have confidence in our capabilities in-house.”

Hargreaves Lansdown senior analyst Meera Patel says: “Asset managers are looking at multi-asset strategies for income products to try to get to the magic yield number of 4 or 5 per cent because income is hard to come by, with interest rates and government bond yields so low. However, I am concerned this might be the next bandwagon.”


Schroders adds to multi-asset team

Schroders has appointed Ian Maybury as head of solutions in the multi-asset and portfolio solutions group. Maybury will take up the newly-created position in April 2012. Prior to joining Schroders, Maybury worked at Redington where he was co-head of asset liability management and investment strategy. He will report to Andy Connell, who heads up the […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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