The fund, slated to launch on 9 May will also be split into two portfolios with the bond holdings selected by Causer and Read and the equity book managed by the Invesco Perpetual global equity income group, led by Nick Mustoe.
The fund has been designed to provide a balance of income and capital growth through investing in fixed income and global equities and will sit in the IMA Mixed Investment 20%-60% shares sector.
Income with capital growth prospects
Causer said the fund would allow them to access income where it appeared to best value at different points in the cycle across a wide investment universe.
“It also enables us to position the fund for capital appreciation when we see the potential for that,” he added.
With minimum investment levels of £20 per month or £500 lump sum and an ongoing charge of 1.54%, the fund will be available for ISA and ISA transfers. It will have a full entry charge of up to 5%.
Head of UK retail Ian Trevers said: “Low interest rates are driving demand for funds which offer genuine diversification and meet a need for income. Our Henley-based fixed interest team have a proven ability in managing a successful range of mixed asset funds and this launch is the next step in the development of that range. The Global Distribution Fund provides access to global markets across the two largest asset classes within a single portfolio.”
