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Prism Capital launches Distribution Fund
Prism Capital Management has expanded its multi-manager range with the launch of an income fund that uses active and passive investment styles.
The IFDS Prism Distribution Fund is designed to deliver a stable yield of 4 to 5 per cent with capital growth in line with inflation. The underlying investments have been chosen with an aim to deliver a yield that is less vulnerable to volatility and offers quarterly income.
The fund will be managed by Octopus Investments and will add to Prism’s existing range of multi-manager funds that have attracted close to £200m since their launch less than three years ago.
Anthony Morrow, director Prism, said: “With high inflation a serious concern for savers, many investors are seeking solutions that offer not only a regular income stream, but also capital growth that stays at least in line with inflation. The fund we have launched is designed to do just that.”
The fund is available through the Nucleus, Ascentric, Transact and Standard Life platforms and will offer exposure to diverse income generating investments across different asset classes, sectors and regions.
