AJ Bell launches pair of multi-asset income funds

Targeting annual yield of 4%

AJ Bell has launched two income funds, each targeting an annual yield of 4% through differing risk profile and growth objectives.

The firm said the funds are designed for advisers and clients focused on generating a regular income from their investments and, in particular, those using income drawdown via their pension or taking tax-free income from their ISA. The lower-risk fund, the AJ Bell Income fund, aims to offer 4% yearly income while maintaining the capital value of its investment. It will try to do so by investing in government and corporate bonds from around the world. The AJ Bell Income & Growth fund, on the other hand, will target 4% income per year as well as aiming to grow the capital value of the i...