London & Capital launches income trio in retail debut

Wealth management firm London & Capital has made its debut in the traditional UK retail market with the launch of a trio of income funds.

The three new risk-graded Ucits III funds are the Global Income Conservative, Balanced and Growth vehicles. It comes after last year's launch of the company's UK portfolio management service, allowing IFAs to access London & Capital's investment services for the first time. Investment director Tony McLoughlin says the new products represent "a major step forward" for London & Capital. "Due to the disappointing returns currently being generated from cash and the relative uncertainty of a smooth global recovery, there is a high and sustained demand for income-based products in the UK...