The IFDS Prism Distribution Fund is managed by the team at Octopus Investments and joins the company’s existing range of multi-manager funds, which have amassed close to £200m in AUM since their launch three years ago.
Currently available through Nucleus, Ascentric, Transact and Standard Life platforms, the fund aims to provide a balanced blend of active and passive investment styles.
Prism said the underlying investments in the new fund would be chosen for their "ability to provide a natural income, paid on a regular basis, but also with the potential of delivering growth over time.
"With high inflation a serious concern for savers, many investors are seeking solutions that offer not only a regular income stream, but also capital growth that at least stays in line with inflation. The fund we have launched is designed to do just that."
