Ashby set for new income product

Guy Monson, chief investment officer and chief executive of the fund manager, said the company has been considering the idea since it began to make use of wider investment powers available under the UCITS III regime. If the project gets the go-ahead, Monson said it would see Ashby managing the vehicle, together with a member of the UCITS III team who has derivatives skills. “It would be an income product with a target return benchmark,” said Monson. He added that it would appeal to investors who seek income growth with risk constraint. A similar product launched into the market inclu...