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Octopus launches UK Multi Cap Income Fund

21 November 2018

Octopus Investments is set to launch a multi-cap income fund targeting a yield of 4%.

FP Octopus UK Multi Cap Income Fund will launch on 10 December and invest across the entire market cap spectrum, from FTSE 100 companies through to mid and small cap equities. Octopus said this approach means it won’t be reliant upon the limited number of traditional go-to dividend paying stocks.

The new fund will be managed by the Quoted Companies team headed up by Richard Power, while the day-to-day management of the fund will be led by Chris McVey. It will be a sister fund of the FP Octopus UK Micro Cap Growth Fund, managed by the same team and following a similar bottom-up investment approach.

Commenting on the launch, McVey said: “Small and mid-size companies consistently outperform their larger peers, while also demonstrating faster growth in earnings and dividends. By harnessing this growth potential and blending it with exposure to larger, more established businesses, we believe we can offer investors an attractive and more diversified route to income, while providing scope for better than market capital performance.”

The offer period for the new fund will open on 26 November with a limited availability share class at a discounted annual management charge of 0.30%, with ongoing charges set at 0.45%.

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