Threadneedle launches Global Multi Asset Income

In response to government pension reforms, Threadneedle has launched a new fund lead by fund manager Toby Nangle.

Threadneedle launches Global Multi Asset Income

|

Pension reforms announced in the latest budget means pension holders will be able to withdraw as much money as they want after reaching 55, although it will be taxed as income. 
 
The latest product from Threadneedle takes direction from pensioner needs post-budget, and combines the multi-asset and income strategies of the firm. It aims at offering investors asset growth taking a medium to long term approach.
 
The investment range of the fund will encompass equities, bonds, cash and property asset classes.
 
“Individuals and the industry are still coming to terms with the long-term implications of the Government’s pension reforms. This fund offers investors the opportunity to diversify their investment pot by delivering income and returns from an appropriately balanced range of assets,” Nangle said.
 
Having joined Threadneedle as head of multi-asset from Barings in 2012, Nangle has managed the $13m (£7.7m) Multi Asset Target Alpha Fund alongside deputy Matthew Cobon, since fund launch in 2012. 
 

PA fund fact box

Name

 Global Multi Asset Income Fund

Domicile

UK 

Launch date

31 July 2014

IMA

Mixed 20%-60% Share Sector (to be confirmed)

Manager

Toby Nangle

Minimum initial investment

£2,000

Minimum additional investment

to be confirmed

Performance fee

none

Size

seeded with £3m