Fulcrum Asset Management is set to add an income fund to its range of multi-asset mandates, run by CEO Andrew Stevens and CIO Suhail Shaikh
The group did not yet have a launch date but said the UCITS compliant Fulcrum Income fund will look to return a 4.5% annual yield above the Bank of England's base rates, and is subject to Financial Conduct Authority (FCA) approval.
On the 'C' share class, the fund will have a management fee of 0.75% and an ongoing charge of 0.85%.
Stevens and Shaikh will be supported in the management of the fund by the firm's 27-strong team of macroeconomic and asset class specialists.
It will use cost-effective implementation methods to invest primarily in equities, bonds, credit, REITS and option premia across all the major liquid asset classes.
Stevens said: "The demand for income is well documented in a world where cash is stubbornly close to zero and traditional investments may not only fail to provide sufficient yield but also add a higher level of risk to portfolios.
"Reflecting this, we have detected considerable interest in a strategy that captures our diversified approach to investment and rigorous risk management process but with a focus on a compelling level of yield.
"Importantly, Fulcrum has a strong heritage in both discretionary strategies and option writing, which will be central to securing yield and has been a core discipline for us since day one."
The group already runs three other multi-asset products including the Diversified Core Absolute Return, Diversified Absolute Return and Diversified Growth.
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