Brooks Macdonald targets equity income

Global payBrooks Macdonald Funds has launched a global equity income fund and a defensive balanced fund that includes an income component.

Toby Thompson, who will manage the global equity fund, says high-yielding equities have performed well in the past and claims “there is every reason to believe this will continue in the future”.

The Defensive Capital and Income Fund will be managed by Robin Eggar and Jon Gumpel, one of the founders of Brooks Macdonald who already manages the firm’s Defensive Capital Fund.

The fund will invest in a range of defensive assets including structured notes, preference shares and convertible loan notes. Gumpel says it will “attract bond investors who want to reduce interest-rate risk and combine fixed returns with equity upside”.

The products are sub-funds of a Dublin-based open ended investment company.

Brooks Macdonald Funds is part of Brooks Macdonald Group, a specialist wealth manager with £3.75 billion (€4.6 billion) under management as of the end of September.

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