The Charity Value and Income Fund aims to give a yield that is a third higher than that from FTSE All Share Index companies. Based on recent figures, that would be roughly 3.6 per cent. The fund is targeted at permanently endowed charities and organisations that require increased income and broader exposure to equities. The minimum investment is £1,000.
Patrick Harrington, lead manager for the fund, said: "This will have a higher yield than all other common investment funds. It will be an all-equity portfolio."