Miton Group is seeking shareholder and FCA approval to rebrand David Jane’s Darwin Multi Asset fund and add an additional income element to the fund.
The group will change the name of the £52m fund to the Miton Cautious Monthly Income fund as of September 30, subject to approval.
The switch reflects the fact that income will will now play a more significant role in the way Mr Jane runs the fund. The portfolio currently targets the preservation and growth of capital via investment in a diversified mix of assets.
The boutique joins the rush of asset managers rebranding or launching multi-asset income funds as pensions freedoms increase further these vehicles’ perceived attraction to investors.
Mr Jane, founder of multi-asset boutique manager, Darwin Investment Managers, has worked for Miton since his group was acquired by the firm in June last year.
Miton declined to comment.