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Premier to change High Income fund to monthly payments

Premier Fund Managers has renamed the £22m Multi-Asset High Income fund and plans to switch the income payments from a quarterly to a monthly basis.

The fund, which was renamed the Premier Multi-Asset Monthly Income fund this week, will change to monthly payments in January in response to adviser demand.

The fund is part of the Premier multi-asset fund range, managed by the Premier multi-asset team led by multi-asset funds director David Hambidge.

The fund is currently first quartile in the Investment Management Association Mixed Investments 20-60% Shares sector over three years, having returned 14.6 per cent compared to a sector average of 8.4 per cent.

The move is also designed to complement the quarterly payments made by the £116m Premier Multi-Asset Distribution fund, which sits in the same IMA sector.

Hambidge says: “Since launch, the Multi-Asset High Income fund has been very successful in achieving its aim of giving investors an attractive alternative to the income paid from cash or gilts. The fund has made strong gains this year and we are optimistic about our continued ability to deliver the attractive high and monthly income that our clients want.”

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