Barclays opens funds to retail

The Global Cautious Income and Global Balanced Income funds, which are managed by Morley Fund Management, were launched in July targeting investors with high and regular income requirements. Colin Dickie, director of Barclays Investor Solutions, said: “The investment model for these funds is tried and tested, having already produced successful results for a similar product launched by Barclays last year.” The Cautious fund had a target income yield of 5.5pc pa gross or 1pc above base rate, whichever is higher, but this has changed following the recent base rate rise to 5.75pc gross. ...