Investec Asset Management has expanded its UK product range by launching Investec Global Quality Equity Income fund.
The new fund is an onshore version of the firm’s Global Quality Equity Income SICAV, which has a nine-year track record.
The Global Quality Equity Income fund aims to offer investors sustainable dividend growth over the long term, avoiding more capital intensive sectors and targeting high cash-generative companies.
The fund is managed by a global team, headed by co-managers Blake Hutchins, Clyde Rossouw and Abrie Pretorius.
Investec Asset Management UK client group managing director David Aird said: "Given the challenges facing investors in the current climate of low rates and stagnant economic growth, coupled with the financial realities that face an aging population, investors are increasingly focused on sourcing attractive income streams from their assets whilst minimising risk to the underlying capital.
"By investing in quality companies with an ability to grow cash flows, whilst avoiding capital intensive sectors such as utilities and natural resources, which are often favoured by other equity income products, the fund looks to provide lower volatility returns over the long term – something close to the hearts of our clients in today’s uncertain world."