Premier moves Multi-Asset High Income to monthly payouts

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The Premier Multi-Asset High Income fund has been renamed and will now pay monthly, rather than quarterly, income to investors.

The £22m vehicle, lead managed by David Hambidge, has been re-branded the Premier Multi-Asset Monthly Income fund. Payment changes from quarterly to monthly, which take effect from 5 November 2012, have been made to meet demand from advisers. The firm will still offer quarterly payments through its £116m Multi-Asset Distribution fund, run by the same team. The Multi-Asset High Income fund's historic yield is 5.2%, based on the quarter ending 28 September 2012. It is top decile in the IMA Mixed Investment 20%-60% Shares sector over the year-to-date, one year, three years and sinc...

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