Cazenove launches European income fund for Rice

Cazenove Capital has confirmed it is launching its European Income fund, run by star manager Chris Rice, in May this year.

As revealed by Investment Week last year, the fund, to be run by head of Pan-European equities Rice, will aim to deliver income with some long-term capital growth. It aims to outperform the FTSE World Europe Index by 2% on a rolling three-year basis, and deliver a 110% of its yield over the medium term. Rice will be joined on the fund by James Sym, who has moved to the European equities desk having previously worked alongside UK income fund manager Matt Hudson. Sym has worked in the UK equities team at Cazenove Capital since 2007, and the group said his experience in equity income ...