Marlborough launches Multi Cap Income fund for Hargreave

Marlborough Fund Managers is expanding its range of income funds with the launch of a multi-cap income portfolio for star manager Giles Hargreave, and Siddarth Chand Lall.

The group is launching the Marlborough Multi Cap Income fund for the Hargreave Hale duo to complement its existing Income fund. The new fund will have a bias to mid- and small-cap UK stocks, utilising Hargreave Hale's specialist knowledge in this field. The provisional portfolio has over 90% invested in mid- and small-cap stocks across the FTSE 250, FTSE SmallCap, FTSE Fledgling and AIM indices, with the remainder in large-cap stocks. The fund will aim to deliver an income over 10% greater than the gross dividend yield of the FTSE All Share. The Hargreave Hale founder already ru...