Octopus unveils UK Multi Cap Income fund for McVey

The new fund, which will be managed by Chris McVey, will officially launch on 10 December and comes as investors seek income in the current low interest rate environment. However, the group found there is signifcant concentration in the UK income sector with three quarters of traditional income funds holding the ten stocks in the FTSE 100 that represent some 54% of forecast dividend payments for 2018. Therefore, the new fund will invest in a wider range of businesses from the FTSE 100 as well as mid- and small-cap names, from which earnings and dividend growth will be blended to avoid...