Neptune has bolstered its fund range with the soft- launch of both a US income fund and a higher income fund.
The US income fund will have 40 to 60 holdings, which will predominantly invest in high yielding North American companies. The fund, which sits in the IMA North America sector, 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 higher income fund under the management of Emma Stanford. The UK income and bond 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 Neptune higher income fund targets a yield of 120 per cent of the FTSE all share and sits in the IMA UK higher equity and bond income sector.