MAM Funds is rolling out an Oeic version of the Diverse Income Trust, FundWeb reports. The equity income multi-cap fund will be managed by Gervais Williams and Martin Turner, co-managers of the trust.
The new vehicle will invest 10% in FTSE 100 companies, 30% in mid-cap and 20% in small cap, 10% in fledgling stocks and 30% in AIM stocks. The product, which will be subject to FSA approval, will offer a diversification of income across the market-cap range in the U.K.
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