Close Finsbury Asset Management launches Continental European income share class, yield over 2.2% expected

Close Finsbury Asset Management has launched an income share class on the Close Finsbury Continental European Equity fund, which is expected to yield above 2.2%. An initial offer period will run from 21 to 28 February with shares offered at an issue price of E1 each. Charles Glasse and Christopher Garsten of 2CG are both investment advisers to the fund. The product primarily invests in large cap companies across Europe and holds up to 40 stocks focusing on undervalued stocks with a bias to special situations. Stuart Alexander, head of distribution at Close Finsbury, said: "Historicall...