M&G confirms Income Multi Asset fund launch

M&G has confirmed it is to launch a multi-asset income fund next week.

The Income Multi Asset fund will be one of a few sitting in the Cautious Managed sector that deliver a monthly income. Managed by Steven Andrew, the fund will have a global remit, aiming to deliver an initial yield of 4%. It will be structured as a Nurs with the ability to use wider investment powers ,and the manager will be able to invest in equities, bonds, cash, property, commodities and money market instruments. Andrew says: "This fund gives me the flexibility to scour the entire investment universe seeking out the best, sustainable income opportunities throughout any economic ...