Waverton Investment Management has rolled out its Cautious Income model portfolio strategy as an open-ended fund.
The discretionary manager, formerly J O Hambro Investment Management, has been running the Cautious Income strategy as a platform-based model portfolio since the end of 2011.
But it has now launched the Waverton Cautious Income fund as an open ended multi-asset fund of funds.
The new fund will be managed by John Bellamy, who also heads up the model portfolio investment team.
It will have a global multi-asset remit, will hold between 20 and 30 funds and will have a projected income yield of roughly 3.4 per cent at launch.
According to its latest factsheet, the Cautious Income model portfolio has delivered a 25.3 per cent return since launch to the end of September, compared to a 21.2 per cent rise in its benchmark, measured as inflation plus 3.5 per cent.
Waverton said it had launched the fund in response to the demand from clients for new income generating options following recent changes to retirement legislation.
