UK-based Prism Capital Management has added an income fund that will aim for a stable yield of 4-5 per cent and capital growth at least in line with inflation to its range of multi-manager funds.

The IFDS Prism Distribution Fund will be managed by Octopus Investments and is currently available on the Nucleus, Ascentric, Transact and Standard Life platforms.

Prism is a joint venture between Octopus and IFA support services group Paradigm Partners.