LGIM launches income share class for Target Return fund

LGIM said it is seeing increased demand from investors for products offering a regular cash flow, namely in the retirement market, and hopes the fund will become "a core holding". Launched in 2015, the L&G Multi-Asset Target Return fund targets returns of cash +5% per annum over rolling three-year periods alongside capital preservation and has historically yielded 3%. The new share class will distribute the fund's natural income to investors on a quarterly basis Hear from LGIM's Justin Onuekwusi and dozens of other expert speakers at Professional Adviser's PA360 conference in Londo...