It is due to launch on 5 March and is aimed at investors looking to diversify some of the yield-hunting portion of their portfolio outside the UK.
The UK-domiciled unit trust will aim for a prospective yield approximately 10% above that of the Asia Pacific ex-Japan markets.
With this aim in mind, if the fund were launched today it would have a yield of about 4.5%, according to Liontrust.
The fund will be managed by Mark Williams, who has worked for Liontrust’s recently-acquired Occam Asset Management since 2007.
Carolyn Chan and Shashank Salva from the Liontrust Asia team will work alongside Williams.
In the acquisition of Occam, Liontrust said it had achieved its objective of expanding into the fast growing Asia and EM asset classes to complement its existing UK and Europe fund management capability.
At the time Occam brought the management of four Dublin-based funds, and Asia Absolute Return, Asia, Pan European and Emerging Markets Absolute Return.
The Asia Income Fund is the first with a focus on the region to have been launched by Liontrust from inception, a move that has been taken now that it has the capabilities of an Asia team.
Williams said: "There is a clear desire by Asian companies to increase dividend payouts. This is a reflection of the strong financial position of companies and countries in Asia and an increasing focus on shareholder returns.
"In 2008, in the midst of the global financial crisis, more than half of companies in Malaysia, China, Singapore, India, Thailand, Indonesia and the Philippines did not significantly alter or raise their dividends in absolute terms."
There will be a retail and institutional share class of the fund, with AMCs of 1.5% and 0.75% respectively.
It will sit in the IMA Asia Pacific ex-Japan Sector and will hold between 50 and 70 stocks.
