Charles Stanley rebrands Matterley fund as it moves to monthly distribution

Moving to monthly income

Charles Stanley has changed the name and frequency of distribution of its Matterley Regular High Income fund.

The changes, which were made this month, mean the fund is now known as the MI Charles Stanley Monthly High Income fund, reflecting the fact the fund will now pay monthly rather than quarterly distribution. Charles Stanley said it had seen demand from clients for a fund that was offering a more regular income. The fund aims to deliver a high, sustainable income with the potential for capital growth, which remains unchanged. The vehicle was launched in March 2006 and brought over to Charles Stanley when the firm acquired Matterley in 2009, but last year head of asset management and dist...