The Defensive Capital and Income Fund will be managed by Jon Gumpel, one of the asset manager’s founders, and Robin Eggar while the Global Equity Income Fund will be helmed by Toby Thompson.
Both are structured as open-ended investment companies and are recognised by the Financial Services Authority.
The Defensive Capital and Income Fund will follow a similar investment strategy to the firm’s Defensive Capital Fund, which is also managed by Gumpel and Eggar, but aims to provide an attractive level of income to investors.
Gumpel said: “[The fund] offers risk-averse investors access to an attractive range of defensive assets including structured notes, preference shares and convertible loan notes.
“The existing strategy has built a strong track record and with the income feature in the new fund we believe it will attract bond investors who want to reduce interest rate risk and combine fixed returns with equity upside.”
Thompson’s Global Equity Income Fund will mainly invest in global equity securities to provide income and capital growth. Thompson has more than 20 years’ experience managing equity income portfolios and will be able to draw upon the investment expertise and resources of the wider Brooks Macdonald Group.
“This fund offers investors access to an attractive asset class – high-quality, higher-yielding equities have a long-term record as a strong performing asset class and there is every reason to believe this will continue in the future,” the manager said.
The new funds have a minimum investment of £1,000 on their retail share classes and £10,000 on their institutional share classes.
