Man GLG's UK Income fund has switched from biannual income distribution to monthly, in response to client demand for more regular access to payouts.
The change will see the £255m fund's investors receive their first fixed monthly payment in October, with any excess capital distributed at the end of each accounting year. Henry Dixon: The bull and bear case for the UK Commenting on the move, managing director of UK retail Richard Phillips said: "Investors have been seeking more regular income from their investments following the introduction of the pension freedoms and we have decided to convert the fund to monthly distribution in order to meet mounting client demand." Managed by Henry Dixon (pictured), the actively managed long-...
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