LV= Asset Management launches Diversified Income Fund

LV= Asset Management (LVAM), the fund management arm of mutual insurance and investment group LV=, has launched its new Diversified Income Fund.

LV= Diversified Income fund is a lower risk multi-asset class vehicle, aiming to provide an attractive level of income with above-inflation capital growth over a typical three-year market cycle. The fund has an income target of 4% gross p.a. at launch and an expected TER of around 1.8% p.a.

The portfolio will be invested across a range of 10 sub-asset classes ranging from cash to fixed income, equities and commercial property. While the manager has asset allocation flexibility, both to achieve its investment targets and to protect investors during adverse market conditions, each of the 10 sub-asset classes will be represented within the portfolio at all times.

LV= Diversified Income Fund will be available both direct and as a pension fund variant via the LV= Retirement Solutions platform. It is anticipated that it will sit within the IMA‘s Cautious Managed sector

The fund will be managed by Tom Caddick. Together with Simon Brooks, they form LVAM's Multi Manager & Fund Selection Team, which is responsible for a further 6 retail funds.

For more information, visit lv.com