Former DWS manager Graham Ashby has joined Sarasin Chiswell to head up two open-ended income launches.
Ashby, who managed the UK Equity Income and UK Equity Income Plus funds plus the Deutsche Equity Income investment trust at DWS, will run a Global Equity Income portfolio due for launch in the first half of this year. He will also manage a UK Income fund to come to the market at a later date.
He left DWS last year after the group was bought out by Aberdeen Asset Management.
Chief investment officer at Sarasin Chiswell, Guy Monson, said the motivation behind the launches is the significant change in dividend payouts.
He said: "Payment ratios are rising globally and there are better opportunities to manage such products than there have been in the past 10 years."
Sarasin is also due to launch two vehicles mirroring Equisar, the group's thematic equity fund, and Globalsar, a global balanced fund, at the same time.
The real return funds, which will make full use of the powers available under Ucits III, and will aim to achieve returns of up to 5% above inflation in contrast to the current trend for cash plus vehicles or absolute return funds.
The group has also recruited UK and European multi-manager Ashley Reid from Russell Investment Group. Reid will be responsible for helping to develop Sarasin's UK equity thematic process.
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