Over 90% of votes cast at an EGM today were in favour of the proposed changes to the fund, which will take effect from 16 January.
The manager of the fund remains Kevin Troup, who will invest in a diversified portfolio of higher-yieldng global equities using the best global equity income ideas generated by over 60 analysts and managers at the company.
As part of the refocus, the objective of the fund will change from capital growth to income, with the potential for capital appreciation over the long term.
The Oeic’s benchmark will be the IMA Global Equity Income Sector due to be launched on 1 January and it will assume a target position of 70-80 stocks.
Ben Morris, Global Equity product specialist at Standard Life Investments, said: "The conversion of this fund reflects the notable and growing requirement for investors to receive income from their equity investments, especially in the current low growth environment.
"Importantly, the positive support investors have given to our proposals shows that they have fully taken on board the exciting investment opportunities the Global Equity Income Fund has the potential to offer."