View more on these topics

MAM Funds to launch open-ended fund for Williams

MAM Funds is to launch an open-ended version of its diverse income trust for managing director Gervais Williams at the end of the week.

The Acuim UK Multi Cap Income fund will be the first open-ended fund to be launched under the Acuim branding, sitting alongside its existing Miton and Midas brands.

Williams (pictured) will be supported on the new launch by senior fund manager Martin Turner.

The fund will invest across the market cap spectrum aiming for a target yield of more than 5 per cent.

With quarterly income payments, the fund will invest in a portfolio of between 80 and 120 holdings.

Williams says: “Our aim is to provide good and growing income for our investors.

“We believe there is a gap in the market in relation to income funds as most have a profound large cap bias, coupled with high sector or stock-specific exposure.”

He adds: “In today’s low interest rate, and low growth environment, investors need income generating assets, particularly those which are under-represented to diversify income and help manage risk.”

Minimum investment in the fund is £1,000 and it carries a 1.5% annual management charge.

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