Kames Capital, a part of the Aegon Group of companies, is set to launch its new diversified income fund on 27 February, which will be domiciled in the UK.
The new fund will be managed by Vincent McEntegart, a portfolio manager on the firm’s multi-asset team.
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Available for institutional and retail investors, the new fund will seek to offer a sustainable level of income, with the potential for capital growth over the medium term.
The diversified income fund will invest in multiple asset classes, including investment grade bonds, high yield bonds, global equity income, UK equity income, and alternatives.
With income distributed monthly, the fund will initially have an allocation of 21% to high yield bonds, 19% to investment grade bonds, 23% to global equity income, 14% to UK equity income, 22% in alternatives and 1% in cash.
Martin Davis, CEO of Kames Capital, said: "With many of the post-war baby boomers now approaching or having reached retirement coupled with the increase in life expectancy, there has never been a greater need for a diversified income approach to supplement people’s retirement.
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By GlobalData"This fund pulls together our key asset classes to create a solution for those seeking a competitive income either now or in the future."
