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Catch up with the latest press releases from LV=

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LV= asset management launches diversified income fund

Press release: 11/08/2008


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.



*Total Expense Ratio (TER) - A measure designed to calculate the total running costs of a particular fund. Generally fund literature will detail an annual management charge (AMC), but this often does not include all of the administrative and other hidden costs. The TER includes both the AMC and any other costs associated with the fund.


LV= Asset Management (LVAM) is a wholly-owned subsidiary of Liverpool Victoria Friendly Society Limited., better known as LV=, the largest friendly society in the UK. LVAM manages around £8 billion of assets on behalf of LV= and a range of partner organisations.

LV= is a trademark of Liverpool Victoria Friendly Society Limited (LVFS) and LV= is a trading style of the Liverpool Victoria group of companies. The new LV= brand identity was launched in March 2007.LV= employs over 2,000 people and serves more than 2.5 million customers and members. We are also the UK's largest friendly society (Association of Friendly Societies Year Book 2006/2007, Total Net Assets) and a leading mutual financial services provider.