Wise Funds has changed the investment objective of its TB Wise Multi-Asset Income fund and has switched it into the IA Mixed 40-85% Investment sector, citing external factors.
The fund, which is currently yielding 4.4%, now seeks to grow both its income and capital in real terms, while now delivering investors a defined minimum target yield of 3%. The decision to alter the fund's objective comes after its former benchmark, the Cboe UK All Companies index, confirmed last year that it will stop calculating a yield for the index. John Newton, business development manager at Wise Funds, said the changes "align the fund closer to that of the TB Wise Multi-Asset Growth fund, while positioning the portfolio for the more uncertain investment landscape we currentl...
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