View more on these topics

London & Capital launches trio of income funds

London & Capital has made its first move into the UK retail space with the launch of three income funds.

The global income conservative, balanced and growth funds are risk graded portfolios with Ucits III powers. The funds are managed by chief investment officer Ashok Shah and his fixed income team.

L&C investment director Tony McLoughlin says the group has been looking to identify products which will allow UK clients to take advantage of the decision to lower capital gains tax from 40 per cent to 18 per cent last year, by limiting the tax liabilities on withdrawals.

He says: “Due to the disappointing returns currently being generated from cash and the relative uncertainty of a smooth global recovery, there is a high and sustained demand for income-based products in the UK across all areas of the market.  

“It was therefore an easy decision to make the new funds and our investment expertise available in the wider UK funds market.  As poor returns on cash are set to continue for the foreseeable future and global recovery might not be as strong as many have predicted, we believe there is still considerable value in this area of the market over the medium term.”

The funds are domiciled in Ireland and offer weekly liquidity. Minimum investment is set at £35,000 with top-ups and withdrawals set at £10,000. Initial charges are set at 5 per cent with annual set at 1.25 per cent.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm