Morningstar adds income portfolios to DFM service

Morningstar has launched two income portfolios to be actively managed by its Morningstar OBSR Managed Portfolios team.

The two new funds, Moderately Cautious Income and Moderate Income, form part of the group's discretionary fund management service, which the company plans to expand further in future. Dan Kemp (pictured), co-head of investment consulting and portfolio management, EMEA, said: "We are committed to bringing the best of what Morningstar does around the world to the UK retail market and will be looking to roll this out over the coming years." The new portfolios will combine multi-asset investment techniques with a focus on a stable income stream. Kemp said: "Traditional asset allocation...