Royal London Asset Management (RLAM) has launched a multi-asset fund targeting a return of 4% above cash.
The Royal London Multi Asset Strategies Fund (MAST) has already attracted assets under management of £100m, which includes investment from an unnamed external institution. Managed by RLAM's head of multi-asset Trevor Greetham, the fund will invest in an asset mix including UK and overseas equities. It will aim to achieve an annualised return of 4% over the Sterling Over Night Index Average through two types of multi-asset strategy - risk premium strategies and tactical asset allocation strategies. Greetham said: "MAST is designed to participate in stockmarkets while they are trending ...
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