US equity specialist launches Enhanced Income fund for UK

clock

US equity specialist Cullen Capital Management is expanding its reach into the UK with the launch of a second UCITs vehicle, the Cullen US Enhanced Equity Income fund.

The fund will be based on an existing strategy, the $600m Cullen North American High Dividend Value fund, which launched in the UK in 2010. The new vehicle will invest in the same portfolio of stocks as the Value fund but add a covered call option overlay on up to 40% of the portfolio in a bid to keep volatility low. Manager Jim Cullen hopes the fund will achieve 6%-7% income per annum, but with a volatility level closer to that of a bond fund. "The search for income continues apace across the globe, and this strategy has been designed for clients seeking alternatives to fixed inco...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

Stock pickers urge caution over rapid return to US equities

Stock pickers urge caution over rapid return to US equities

Quilter and Fidelity

Linus Uhlig
clock 01 July 2025 • 1 min read
Deep Dive: US equities may not have peaked but do require greater selectivity

Deep Dive: US equities may not have peaked but do require greater selectivity

Amid equity rebalancing

Linus Uhlig
clock 13 June 2025 • 4 min read
Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Partner Insight: Robeco Emerging Markets Equities strategy - Targeting alpha in a new world of growth

Jan de Bruijn, Director, Emerging Market Equities, Robeco
clock 06 June 2025 • 5 min read
Trustpilot