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investec targets 5 yield as it opens global

31 May 13

Investec Asset Management has opened an offshore version of its Global Diversified Income Fund to international investors.

Investec Asset Management has opened an offshore version of its Global Diversified Income Fund to international investors.

The new fund is part of Investec’s Luxembourg-domiciled Global Strategy Fund range and will be managed similarly to a UK version launched in September last year.

Managed by John Stopford, co-head of the Investec multi-asset team, the fund aims to generate attractive income for investors from a global multi-asset portfolio, with a targeted distribution yield of around 5%.

John Stopford, Portfolio Manager, said:  “Income is in great demand from our international client base. Taking a global multi-asset approach allows us to seek out the best sources of income wherever they are and blend them together to control risk.”

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.