Brooks Macdonald launches two income funds

Brooks Macdonald Funds has launched two new products, the Global Equity Income fund and the Defensive Capital and Income fund.

The Global Equity Income fund (GEIF) will be run by Toby Thompson, who joined the firm from New Star in 2011. The new fund will predominantly invest in global equity securities, aiming to provide income and capital growth. Thompson says: "Higher yielding equities have a long-term record as a strong performing asset class and there is every reason to believe this will continue in the future." The Defensive Capital and Income Fund (DCIF) will be managed by Jon Gumpel and Robin Eggar. Gumpel is a founder of the firm who also manages the £100m Defensive Capital Fund with a similar s...