Ashburton has re-designed its managed income funds so investors will now receive a regular quarterly...
Ashburton has re-designed its managed income funds so investors will now receive a regular quarterly dividend.
The Sterling Managed Income fund and the US Dollar Managed Income fund are part of the Ashburton Global Funds umbrella and comprise an international portfolio of fixed interest securities and cash deposits with a currency overlay.
Tom Zambon, business development manager at Ashburton, said: "With the re-launch of these funds, we intend to maintain the low level of volatility that has become a characteristic of their performance. In the volatility analysis provided by Lipper, our fixed income funds are placed third in the rankings out of 245 funds, when compared over five years.
"Uniquely, there is no restriction on the use of cash within the composition of the portfolio and this provides our investment managers with far greater flexibility to revert to cash when bonds and other fixed instruments are not performing as well as they might. This, in turn, helps us to deliver consistent returns to our clients."
Target yields for the sterling fund is 5.75% and 4% for the Fed fund. The annual management fee has been reduced from 1.25% to 1%.
Minimum investment: £10,000 or dollar equivalent
Fees: 1% management charge and 3.5% initial charge.
Where available: Advisers in the UK, South Africa and Channel Islands.
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