Standard Life Investments is looking to launch a diversified income fund for the team in charge of the £26bn GARS product in the first quarter of 2016, Investment Week understands.
According to fund selectors, the firm has been holding meetings to gauge interest in a potential product which would capitalise on investors' desire for income. In a presentation seen by Investment Week, the new fund is called Enhanced Diversification Income and is aimed at the retirement marketplace. It would be managed by the existing multi-asset team in charge of the £26bn GARS product, with the aims to offer a more diversified approach to income investing. The fund's investment objective is to offer equity-like returns over a market cycle with 60% of equity market volatility an...
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