Wise move into income Fofs

Wise Investments is to launch an income fund of funds with a target yield of 3.8%. The portfolio, l...

Wise Investments is to launch an income fund of funds with a target yield of 3.8%. The portfolio, launched on 3 October 2005, is to be managed by Tony Yarrow and will hold around 30 funds from across the IMA sectors. The CF Wise Income fund will invest in shares, blending open and closed-ended offerings, property, cash and fixed interest The portfolio is to be made up of investments in Schroder Income, CF Walker Crips Equity Income, Neptune Income, Invesco Perpetual Income, Temple Bar, Merchants Trust and City of London Trust. It will also have holdings in Isis Property 2, Standard Life...