Equity income fund of funds launch from Wise

Private client operation Wise Investments is to launch an equity income fund of funds (Fof) in March...

Private client operation Wise Investments is to launch an equity income fund of funds (Fof) in March. The fund, called CF Wise Income, is to be managed by Tony Yarrow. Launched under Ucits III rules, the portfolio will contain a mixture of open and closed-ended funds. Yarrow said the fund, which is aiming to yield around 4%, would hold around 40% in investment trusts and 60% unit trusts. He said: "There are many investment trusts that are delivering a more attractive yield than unit trusts, Shires Smaller Companies is yielding 6.7% for example. This will enable us to achieve a reasona...