Brown Shipley launches 'cash alternative service'

Brown Shipley is launching an actively managed discretionary 'cash alternative service' with a target...

Brown Shipley is launching an actively managed discretionary 'cash alternative service' with a targeted yield of 3% for investors with over £200,000 cash. The firm says it will seek to keep risk to a level it believes investors will be comfortable with through investment in asset classes including government bonds (both gilt and overseas), corporate bonds, income yielding UK equities and cash. CIO, Peter Botham, says: "With interest rates at historic low levels, it has become increasingly difficult for investors to obtain an income from their investments without taking excessive risk. "...