Polar Capital to launch second European Income fund

Polar Capital plans to add a second European Income fund to its range following demand from clients for a fund which excludes UK stocks.

The group launched a European Income fund for former Threadneedle manager Nick Davis (pictured) in October last year. Due to investor demand from the continent, it was decided the mandate would be pan-European, with around 30% in UK shares. However, UK clients have approached the group to launch a European Income fund excluding UK investments, and the group plans to bring this to market in the early part of the second quarter. It will be run by the same management team, who have been running a dummy portfolio, and will be seeded by clients. The fund, likely to be named Polar Capita...