London-based Fulcrum Asset Management has launched a UK-domiciled Ucits income fund which aims to generate a net yield of 4.5% in excess of Bank of England base rates.
The Fulcrum Income Fund will have exposure to a globally diversified portfolio of liquid assets and will aim to balance total return and income generation.
Its yield will principally be derived from investments in equities, bonds, credit, real estate investment trusts and option premia.
Fulcrum said it would set risk contribution limits on asset classes to combine income generation with capital stability.
Matthew Wright, director of sales and marketing at Fulcrum, said: “Demand for alternative income continues apace as the growing population of retirees and those nearly there means an increased need for decumulation strategies.”
Fulcrum has £4.7 billion (€5.36 billion) in assets under management.
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