Rathbone renames Income and Growth fund

The firm says the move will better reflect where the Julian Chillingworth managed fund is invested, as it is usually no less than 75% invested in the FTSE 100 index. Set to be formally unveiled shortly, the new IMA UK Equity Income and Growth sector has a yield requirement of between 80% to 110% of the FTSE All-Share index yield. The IMA has said its proposed deadline for details of the new sector composition to be made public is the end of March.