LVAM is adding a multi-asset vehicle to the range of funds run by former F&C multi-manager Tom Caddi...
LVAM is adding a multi-asset vehicle to the range of funds run by former F&C multi-manager Tom Caddick. Diversified Income will launch at the end of July, subject to FSA approval. It will invest in equities, bonds, commodities and property and consist of around 20 funds. Caddick said it is designed to be a lower-risk product than the other vehicles in the range and will sit in the Cautious Managed sector. The Nurs product will have an income target of around 4% at launch and aim for a TER of 1.8%. Diversified Income will sit alongside the Balanced and Stock Market funds, which are...
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