Cazenove plans European Income fund for star Rice

Cazenove is planning to launch a European equity income fund for head of pan-European equities Chris Rice next year, as well as expand its bond fund range with a new portfolio for Peter Harvey.

The group has been talking with clients about launching a European equity income offering for Rice, which Investment Week understands could launch in the first quarter. Rice, who already runs the top performing £837m European fund, as well as a number of other portfolios, has delivered 9% to investors over the last five years. The fund has outstripped peers in the IMA Europe ex-UK sector, with the average fund returning 2.7%. Cazenove is also considering launching a high yield bond fund for Peter Harvey, who currently runs the group’s £679m Strategic Bond fund. Harvey is another...