View more on these topics

London & Capital retail debut

London & Capital has made its first move into the UK retail sector with 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 the fixed-income team.

Investment director Tony McLoughlin says the company has been looking to identify products that will allow UK clients to take advantage of the decision to lower capital gains tax from 40 per cent to 18 per cent by limiting the tax liabilities on withdrawals.

He says: “Due to the disappointing returns being generated from cash and the relative uncertainty of a smooth global recovery, there is a high demand for income-based products in the UK across all areas of the market. It was an easy decision to make the new funds and our investment expertise available.”

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

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com