Chartered accountancy and investment management firm Smith & Williamson has added a Balanced Portfo...
Chartered accountancy and investment management firm Smith & Williamson has added a Balanced Portfolio sub-fund to its Dublin-registered OEIC to sit alongside the Growth Portfolio Fund launched in March 2000.
Benchmarked to the Apcims Balanced index, the new fund is aimed at private clients seeking a small income from a single holding as it is intended to yield 2.5% pa.
The Balanced index has 20% of its assets placed in bonds, 55% in UK equities and 20% in international equities.
Like the growth fund, the balanced fund has gross roll-up and fees are taken from the gross fund.
Long-term investors can also use taper relief, however, Smith & Williamson says there is no broker commission payable.
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