Williams' Acuim Multi Cap Income fund to launch this week

MAM funds is launching the Acuim UK Multi Cap Income fund for Gervais Williams and Martin Turner later this week.

The fund, which launches on 14 October, is MAM's first foray into the ope- ended single strategy space. It is also the first to be launched under the 'Acuim' brand , which will sit alongside existing brands Miton and Midas. It has a target yield of 5% plus fees and looks for stocks with growing dividends and capital growth from across the market cap spectrum. The fund, a UCITS III oeic, will hold 80 to 120 UK stocks, focusing on under researched opportunities in the smaller cap space. At launch, Williams said it is likely to have around 10% in FTSE 100 names, with 25% in mid cap...