Alliance Trust to launch global equity income fund

Alliance Trust Asset Management is planning to launch a global equity income fund later this year as it looks to expand its retail product offering.

The fund will invest in a range of securities around the globe, and follows the launch of similar funds by a number of groups including BNY Mellon, which recently unveiled a Global Equity Higher Income fund for James Harries. Edward Troughton, managing director of Alliance, said: “We have plans to launch a global equity income fund. It is clear through speaking to our clients there is a strong demand for income.” The group will wait until market conditions are favourable to roll out the new fund, he added. “The timing for the launch has to be right and we would be prepared to wait ...