Rathbones is rolling out a new income fund and cutting down fees as part of a multi-asset range restructure.
The new fund, dubbed Rathbone Multi-Asset Strategic Income Portfolio fund, is targeted at medium-risk investors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
It will be managed by head of multi-asset investments David Coombs.
"We have designed a portfolio that should deliver a realistic and sustainable income stream within acceptable risk parameters, rather than chasing higher-yielding opportunities that carry a worryingly disproportionate element of risk," Coombs remarked.
Starting from 1 August, Rathbones Unit Trust Management will lower the1 annual management charge (AMC) on its multi-asset range as well as eliminate administration fee from its ongoing charges figure (OCF).
Phasing out of the administration fee and use of direct equities is projected to lower OCF on the funds by nearly 0.11%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataFollowing the overhaul, Rathbone Strategic Growth Portfolio, Rathbone Total Return Portfolio and Rathbone Enhanced Growth Portfolio will have a 0.5% AMC.
Additionally, the firm’s multi-asset funds will include direct large-cap equity stocks starting from October.
