WAY unveils new European income fund of funds

The new Elite Integrity European Income fund is designed to fill a gap in the equity income sector, according to its manager, Colin Fogwill, the owner of Fogwill & Jones Asset Management, which does business as Integrity. The new fund will sit in the IMA’s Europe ex-UK sector, “even though the sector is a growth sector and we’re an income fund,” said Fogwill, who notes the IMA has yet to introduce a Europe ex-UK income category. The fund will make use of the Elite third-party fund management arm of Dorset-based financial services group WAY Fund Managers. Initially the Elite Integrity Eur...