Heartwood unveils global multi-asset income range

To sit in IA Unclassified sector

Heartwood Investment Management has launched a new global multi-asset income fund range to sit alongside its existing total return range.

The new range consists of two funds - CF Heartwood Income Multi Asset and CF Heartwood Income Plus Multi Asset - with expected initial yields of 3.5% and 3.9%, respectively. Both funds will sit in the IA Unclassified sector, along with the rest of the group's fund range, which was switched to this sector in August from various Mixed Investment sectors. The new funds will be managed by Heartwood's existing investment team in a collective team-based process. Noland Carter (pictured), head of Heartwood Investment Management, said: "We have been successfully managing income strategies ...