Ninety One Cautious Managed to change name to Global Income Opportunities

To provide greater clarity for clients

Ninety One has today (4 October) changed the name of its £1bn Cautious Managed fund to Global Income Opportunities in order to clarify its objectives and policies.

Alongside the name change, the fund - which was taken over by co-managers Jason Borbora-Sheen and John Stopford in April last year - has additional performance-related objectives which will appear on the fund's literature. Nigel Smith, managing director of Ninety One's UK client group, said: "There are four dimensions that bring this change to life. It is not about reinventing the fund, but instead to clarify four things about its objectives and policies. "First, the fund's ability to invest globally without restriction, then to clarify the income focus that John and Jason have. There...