The L&G (Barclays) Income Portfolio Trust has become a fund of funds vehicle in order to improve per...
The L&G (Barclays) Income Portfolio Trust has become a fund of funds vehicle in order to improve performance and provide higher income. It will also be introducing further asset classes but will maintain its focus on bonds. Alex Bogolubov, project manager at L&G Wealth, said the fund will also be maintaining its interest distribution rather than paying dividends. "We intend to introduce some equity funds and alternative assets to improve performance, and provide higher levels of income while retaining the same risk profile," he added. As a result, the fund has moved from the UK Corp...
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