Threadneedle is to launch a high alpha equity income fund for Leigh Harrison, aiming to outperform the group's core income proposition by 1% a year.
Launching on 2 May, the fund will hold a portfolio of between 30 and 40 stocks. Harrison is aiming to achieve top-decile performance, while his Income and Monthly Income funds aim to reach the top third of the equity income sector.
Threadneedle sales director Guy Beech said the group is still exploring product ideas for former income manager Chris White.
During the initial offer period, the standard initial charge of 3.75% is discounted to 0.75%. The fund will carry a 1.5% annual management charge and will pay out distributions twice yearly. It will have the capacity to hold up to 20% in cash and will have a minimum investment of &2,000.
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