Mirabaud launches global income fund for new recruit

Mirabaud Asset Management has launched a Global Equity High Income fund for new recruit Kirill Pyshkin.

Pyshkin joined Mirabaud earlier this year from Aviva Investors, where he was a senior fund manager on the global equities team. His new fund has been seeded with $25m and has been run as a paper portfolio since February. The aim of the new fund is to find value stocks which also pay a stable and growing dividend, with a target to pay an annual yield at least 25% higher than that of the MSCI World, although the manager expects in practice this will be closer to 50% higher. The global index is currently yielding around 2.7%, and the fund is expected to yield around 4% each year. H...