The fund was launched earlier this month, on 2 July, and sits in the Managed Investment 0-35% Shares category.
The firm already has its £1m Cautious Managed Fund, run by Harriet Grieve in the Mixed Investment 20-60% Shares category, and the £925m Balanced Fund in the Mixed Investment 40-85%, managed by Robin Geffen.
Grieve will also take on the new fund, which sits in the Mixed Investment 0-35% Shares category.
Neptune is not giving too much away at the moment about what the exact holdings of the fund will be, but in a statement it did confirm: “The fund has an investment objective of generating a combination of income and capital growth by investing conservatively in a diversified portfolio of equities, bonds and investment grade fixed income/interest securities.”
The launch of the Fund is in direct response to the demand for lower risk-rated funds in the run-up to RDR and 1 January 2013.
