Octopus to launch UK-based multi-cap income fund

Octopus Investments is to launch the FP Octopus UK Multi-Cap Income Fund on the back of sustained investor demand for income in a low interest rate environment.

The fund will be managed by the Quoted Companies team led by Richard Power and expands Octopus’ growing range of retail and institutional funds.

Power has over 20 years’ experience of smaller companies investing and the team collectively manages over £1.7bn of assets in companies ranging in market cap from £10m to over £3bn. Chris McVey will be responsible for the overall management of the fund.

McVey, Octopus fund manager, said: “Small and mid-size companies consistently outperform their larger peers, while also demonstrating faster growth in earnings and dividends. By harnessing this growth potential and blending it with exposure to larger, more established businesses, we believe we can offer investors an attractive and more diversified route to income, while providing scope for better than market capital performance.

“Octopus’ long-established expertise in finding attractive businesses with strong fundamentals makes us uniquely placed to create growth and income for our investors through this strategy.”