Baring Asset Management (Barings) has unveiled a new Baring Multi Asset Income Fund aimed at investors who are seeking for a retirement income solution that combines sustainable income generation across multiple sources of income, along with rigorous risk management.
Managed by Barings head of multi asset income Sonja Laud alongside Alison El-Araby, the fund will invest a maximum of 65% in equities, 80% in fixed income, up to 30% allocation to property, 25% in cash and a maximum of 30% in alternatives.
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The fund, which will sit in the IA Mixed Investment 20%-60% Shares sector, aims to generate income as well as potential for medium-to long-term capital growth.
The UK-domiciled UCITS fund will target an annual yield of 5% with monthly distribution.
Barings said that the new fund uses a dynamic approach to investing, which underlines diversification across multiple sources of income, and dynamic asset allocation to deliver the sustainable monthly income payments required by investors.
Sonja Laud said: "The fund will be managed with the aim of preserving capital through our strong multi asset skill set. Unlike many income funds, a unique feature of this fund will be monthly income payments with a high income target.
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By GlobalData"People are living longer, and regulatory changes, such as those which took effect in the UK in April 2015, give individuals greater freedom to decide what to do with their defined contribution pension fund."
