Insight unveils UK Equity Income Booster

Insight has launched an equity income fund aiming to provide an enhanced level of income and capital...

Insight has launched an equity income fund aiming to provide an enhanced level of income and capital growth. The fund targets an 8% yield based on income distributions over a twelve-month period. Insight UK Equity Income Booster invests at least 80% in UK equity and equity-related securities and features a systematic call option overwriting programme to boost income and reduce volatility. Subject to FSA approval, the fund will be co-managed by equity income specialist Tim Rees, who takes primary responsibility for stock selection and the day-to-day running of the fund, and derivatives...