London & Capital launches trio of income funds
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London & Capital (L&C) has made its first move into the British retail space with the launch of three income funds.
The Global Income Conservative, Balanced and Growth funds are risk graded portfolios with Ucits III powers. The funds are managed by Ashok Shah, chief investment officer, and his fixed income team.
Tony McLoughlin, L&C investment director, says the group has been looking to identify products which will allow UK clients to take advantage of the decision to lower capital gains tax from 40% to 18% last year, by limiting the tax liabilities on withdrawals.
