Neptune to merge Global Income and Global Equity funds

The investment managers say the Global Income fund, run by Felix Wintle, has sacrificed too much total return for very little extra yield as a result of focusing on income. It also says costs are disproportionately high in regard to demand for the income fund and the merger will allow investors a share of the scale available in the £548m Global Equity portfolio. Investors will still be able to take a proportion of their return in the form of dividend payments from the merged fund. “The objective of the Neptune Global Income fund was to generate strong dividend payments alongside the pote...