WH Ireland postpones income fund launch

The fund, which was originally scheduled for launch in June, was designed to use covered call options to both enhance performance and protect against a downturn in markets. The stated aim was to achieve a target yield of around 5-6pc - similar to Schroders Income Maximiser and Defensive funds. James Igoe is the appointed fund manager. The firm has given no indication as to when the fund will now come to market. Igoe said: "We feel confident that the covered call element of the fund would benefit in the current volatility, however we do not feel that this is a prudent time to launch giv...