James Hay adds Schroder UK Income Defensive Fund

James Hay has added the Schroder UK Income Defensive Fund to both its Wrap & SIPP fund platforms.

The total number of funds now available on James Hay Wrap totals 1,310 funds from 56 different providers and the number of funds on its Collect SIPP Platform is 1,013 from 45 different providers.

The Schroder UK Income Defensive Fund is managed by Richard Lloyd, and invests in a concentrated portfolio of 30-50 mid large cap stocks paying attractive dividends. The fund also uses derivative strategies to enhance income and to protect against market falls.

Shaun Sandiford, Regional Sales Director, James Hay, said: “This newly launched fund is a defensive version of Schroder’s highly successful Income Maximiser fund. Increasingly we are seeing IFA demand for sophisticated funds, which utilise derivative strategies to enhance returns and manage risk.”

Investors using James Hay Wrap can now choose retail and institutional funds, OEICS (Open Ended Investment Companies) and Unit Trusts at competitive and preferential terms. Together, the James Hay SIPP and Wrap businesses have over £13 billion under administration.

James Hay Wrap offers free fund switches and automatically returns rebates to client accounts. Unlike many competitors, James Hay has a philosophy that supports “any fund, in any tax wrapper at any time” and has no preferred fund houses or Investment styles. Advisers can buy any fund they and their clients choose.