Cazenove to launch income multi-manager fund

Cazenove is planning to launch an income fund for co-heads of multi-manager Marcus Brookes and Robin McDonald.

The Diversity Income fund will seek to achieve a total return, with the aim of delivering CPI inflation over the medium term with an average income of 4% per annum, from a mixture of capital appreciation and income generation. Asset allocation will be 40% equities, 40% fixed income and cash and 20% alternatives. The fund will sit inside Cazenove's existing multi-manager range comprising the  Diversity, Diversity Balanced, Diversity Tactical, Global ex UK and UK Growth funds Rob Thorpe, head of UK retail, says: "The Cazenove Multi-Manager Diversity fund has delivered a creditable pe...