Roantree and Whittaker launch income fund through Querns AM

The Querns Income First fund targets an intial yield of about 6.2% for gross shares and 5.6% for net shares, with a degree of capital growth. It will invest primarily in UK equities and sterling corporate bonds, with a about a 60%/40% split between the two asset classes at first, although the pair will have the flexibility to have 20% in bonds and 80% in equities at any point. The managers says the fund is designed to be tax efficient and low cost, with no initial charge, an annual management fee of 0.75%, and tax elected fund status which allows investors to receive gross income from co...