Multi-assetJul 31 2014

Threadneedle launches multi-asset income fund for Nangle

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Threadneedle has become the latest fund house to target the changing pensions market with the launch of a Global Multi Asset Income fund.

The new fund will be run by Threadneedle’s head of multi-asset allocation Toby Nangle.

The fund will be a long-only multi-asset fund investing across equities, bonds, cash and property.

It will be benchmarked against a composite index that incorporates global equities, global bonds and UK property.

Mr Nangle said the new fund will target the new pensions marketplace by looking to generate both capital growth for investors in excess of inflation while also generating enough income for retirees to live on.

It is estimated that the retail share class for the fund will have an ongoing charges figure (OCF) at launch of 0.86 per cent.