Octopus unveils UK Multi Cap Income fund for McVey

Targeting 4% yield

clock • 2 min read

Octopus Investments is set to launch the Octopus UK Multi Cap Income fund in response to increasing investor demand for income, Investment Week can reveal.

The new fund, which will be managed by Chris McVey, will officially launch on 10 December and comes as investors seek income in the current low interest rate environment. However, the group found there is signifcant concentration in the UK income sector with three quarters of traditional income funds holding the ten stocks in the FTSE 100 that represent some 54% of forecast dividend payments for 2018. Therefore, the new fund will invest in a wider range of businesses from the FTSE 100 as well as mid- and small-cap names, from which earnings and dividend growth will be blended to avoid...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot