Invesco Perpetual is set to roll out the Global Income Trust, which will invest in a portfolio of high yielding stocks globally, What Investment reports. The closed-end fund will be run by Paul Boyne and Doug McGraw aim to raise £100 million. The investment trust will seek to grow the dividend by 6-12% per year, with the first dividend payment expected for August. The fund will have a performance fee of 10% of the increase in net asset value per share in excess of the MSCI World index total return.

Click here for the story from What Investment.

Click here for additional coverage from Fund Strategy.