Omnis Investments, our asset management business, has launched a multi-asset income fund managed by Newton Investment Management.
The new fund will be managed by Paul Flood and Nick Clay of Newton who, in combination have more than 30 years’ investment experience. Paul and Nick will run the new fund with the aim of producing a steady and sustainable level of income while maintaining investors’ spending power over the medium term. The fund will invest in equities, bonds, alternatives and cash.
The new fund will sit alongside the three existing risk-rated model portfolios in the Omnis ‘Graphene’ fund proposition - Cautious, Balanced and Adventurous - which comprise a number of sector funds managed on a mandate basis. The three model portfolios have attracted a total of £1.2bn from Openwork advisers since their launch last February.
Our investment proposition has been a tremendous success in its first 12 months and we believe now is the ideal time to launch an income fund as we approach the introduction of the new pension freedoms.
Following a rigorous tender process it was clear that Newton was the best qualified to manage the new fund in what is a highly competitive space. Newton is a world-class investment manager and in Paul and Nick we believe it has two of the best multi-asset and income fund managers in the industry. We are thrilled to offer their services to our advisers and their clients as part of our ongoing efforts to ensure our proposition remains at the forefront of the advice market in all of the areas in which we operate.
You should not use past performance as a reliable indicator of future performance. It should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise. You may not get back the amount you originally invested.