Sarasin is launching an income Oeic aimed at cautious investors with a target yield of 4.5%-5% while...
Sarasin is launching an income Oeic aimed at cautious investors with a target yield of 4.5%-5% while preserving or building up capital. Launched in May, the Sarasin Income Portfolio will mirror Sarasin's Guernsey-based Income fund, launched in July 2002. The UK Oeic will be jointly managed by Daniel Briggs and John Godley, and sit within the IMA's cautious managed sector. The offshore version holds 75% bonds, 22% equities, 0.5% convertibles and the remainder in cash. Within the allocation to fixed interest, about 50% is invested in higher grade corporate bonds, with the remainder in g...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes