LV= unveils multi-asset income fund

Investing in 10 sub-asset classes – including cash, fixed income, equities and commercial property – the LV= Diversified Income fund is expected to have a yearly total expense ratio of about 1.8%. Manager Tom Caddick, formerly of F&C, has the flexibility to alter asset weightings to achieve investment targets and protect investors in volatile market conditions. The seventh LV= retail fund, the vehicle is expected to sit in the IMA Cautious Managed sector. LV= says the fund will be available both direct and as a pension fund variant via its Retirement Solutions platform. IFAonline