Tilney Bestinvest launches UK income fund for CIO Lewis

Aimed primarily at UK investors

Tilney Bestinvest has launched a new UK-focused multi-asset income fund to be managed by the group's CIO Gareth Lewis.

The new fund, IFSL Tilney Bestinvest British Enhanced Income, will have a fixed price offer period of 100p per share from 1 February to 12 February. It is aimed at UK investors at or close to retirement with an objective to maximise income whilst managing risk. The fund will have a 0.75% annual management charge, and there is a minimum investment of £500 if investing through a platform, along with monthly contributions. Around 80% of the fund will be invested within the UK market and 20% overseas and it will have a multi-cap exposure, with 50% in equities, 34% in fixed income and t...