OMGI transforms Asian Equity fund into income strategy

Old Mutual Global Investors(OMGI) is changing Josh Crabb's Asian Equity fund into an income strategy in response to client demand.

The $212m fund will become an income-generating strategy from 30 July and will be renamed Old Mutual Asian Equity Income. The fund has been managed by Crabb (pictured) since October 2014, when he joined OMGI from BlackRock to head up a newly formed Asian equities team. OMGI said the fund's objective is changing in response to client demand, with a new focus on income in addition to delivering total returns. Following the change, the fund will invest across the market cap spectrum and will aim to pay an above-market yield across the economic cycle. Time to jump ship? Alternativ...