Santander AM unveils multi-asset income fund for Caddick

Group responds to client demand for income

Santander Asset Management has launched a multi-asset income fund for Tom Caddick and Toby Vaughan, on the back of growing demand for income-producing portfolios.

The Atlas Income fund was launched at the end of August, with the aim of targeting a smoothed monthly income of between 4% and 6% per annum. It has an unfettered approach, similar to the Atlas Growth fund also run by Caddick (pictured) and Vaughan, and has the flexibility to move between levels three and five on a 1-10 risk scale. It carries an annual management charge of 0.4% and ongoing charge that is capped at 0.99%. Ex-Ignis UK equities head Ashby joins Santander Santander AM is also adding retail share classes to its Enhanced Income and Strategic Bond funds, making them...