AJ Bell launches two multi-asset income funds

The firm said the funds were designed for advisers and clients focused on generating a regular income from their investments and, in particular, those using income drawdown via their pension or taking tax-free income from their ISA. The lower-risk portfolio of the two, AJ Bell Income, aims to offer 4% annual income while maintaining the capital value of its investment. It will look to do so by investing in government and corporate bonds from around the world. The AJ Bell Income & Growth fund, meanwhile, will target 4% income a year as well as aiming to grow the capital value of the in...