Update: Fulcrum AM launches income fund

4.5% yield target

Fulcrum Asset Management has added an income fund to its range of multi-asset mandates, run by CEO Andrew Stevens and CIO Suhail Shaikh.

The UCITS-compliant Fulcrum Income fund will look to return a 4.5% annual yield above the Bank of England's base rates. The fund's 'C' share class 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.  The winners and losers one year on from shock decision to exit EU The team will use cost-effective implementation methods to invest primarily in equities, bonds, credit, REITS and option premia across all the major liquid asset...