Wise overhauls multi-asset income fund with changes to objective and IA sector

‘External factors’

clock • 2 min read
Vincent Ropers, co-manager of the TB Wise Multi-asset Income fund
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Vincent Ropers, co-manager of the TB Wise Multi-asset Income fund

Wise Funds has changed the investment objective of its TB Wise Multi-Asset Income fund and has switched it into the IA Mixed 40-85% Investment sector, citing external factors.

The fund, which is currently yielding 4.4%, now seeks to grow both its income and capital in real terms, while now delivering investors a defined minimum target yield of 3%. The decision to alter the...

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