Artemis is launching a Monthly Distribution fund for James Foster and Jacob de Tusch-Lec as it looks to hone its product range ahead of RDR implementation.
The fund will open for active management on 21 May, with the portfolio split 50/50 between equities and bonds, and will sit in the IMA Mixed Investment 20-60% Shares sector. Artemis sees the product as its tailored ‘RDR offering', aimed at providing a cross-asset solution for the advisory market ahead of the implementation of the Retail Distribution Review at the start of 2013. The group will not actively promote the fund, however, until a performance track record has been established. The bond section of the portfolio will be managed by James Foster (pictured), manager of the £551...
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