Octopus Investments is set to introduce the UK Multi Cap Income fund on 10 December 2018, which will invest across the market spectrum. The Octopus Investments fund will invest in a wide range of businesses from the FTSE 100, through to mid and small cap equities.
The UK-based fund manager provides investments for institutions and individuals. It held under management £8.3 billion as of 30th June 2018.
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The launch of the new vehicle is said to be in response to investors’ demand for income in the existing low interest rate environment.
The strategy will target a yield of 4% and will combine earnings and dividend growth while avoiding reliance on traditional go-to dividend paying stocks.
The fund will be managed by the firm’s quoted companies team, headed by Richard Power. Chris McVey will be in charge of the daily management of the fund.
“Small and mid-size companies consistently outperform their larger peers, while also demonstrating faster growth in earnings and dividends. By harnessing this growth potential and blending it with exposure to larger, more established businesses, we believe we can offer investors an attractive and more diversified route to income, while providing scope for better than market capital performance,” McVey noted.
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