Investec brings managed solutions range up to five with new fund

Investec Asset Management has added a diversified income fund to its managed solutions range, after recently making a senior hire to its multi-asset team.

In August, Investec hired Michael Spinks from Schroders as part of an expansion of its $13bn multi-asset offering.

Spinks joined the group as head of its UK multi-asset capability, working alongside Philip Saunders, global head of multi-asset investments.

The new fund launch brings the number of products within the managed solutions range up to five. The list already consists of the Cautious Managed fund, the Multi-Asset Protector fund, the Managed Growth fund and the Diversified Growth fund.

The new offering is aimed at investors looking for a source of income and intends to actively manage downside risk. It aims to deliver sustainable distribution yields of 5.5%.

The fund will be managed by John Stopford, co-head of fixed income, and Max King, portfolio manager in the global multi-asset team. David Aird, managing director of the UK client group, said the firm has seen “great demand” for income products.

All the funds in the range have RDR-ready share classes in anticipation of the Retail Distribution Review, to be implemented in the UK at the end of the year.

Other leading fund managers have also been preparing for the regulatory changes. HSBC Global Asset Management today announced the launch of new RDR-compliant share classes on its index tracking fund range.

Andy Clark, head of wholesale, EMEA, at HSBC said “it is encouraging to see the asset management industry moving toward a more transparent charging structure.”


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