Marlborough Multi Cap Income fund raises £90m in two weeks

The Marlborough Multi Cap Income fund, headed up by Hargreave Hale founder Giles Hargreave, has raised £90m of assets just two weeks since launch.

As exclusively revealed by Investment Week last month, Marlborough Fund Managers has expanded its range of income funds with the launch of the multi-cap income portfolio on 1 July to complement its existing Income fund. The fund is co-managed by Siddarth Chand Lall and has a bias towards mid- and small-cap UK stocks, utilising Hargreave Hale's specialist knowledge in this field. Hargreave said he is targeting a gross yield of 3.5% in the first year and an average dividend growth of 10% per annum. "The level of interest in the fund makes it clear investors share our belief small- ...