Edinburgh-based fund manager Standard Life Investments has launched an American Equity Income fund to UK-based retail investors.

The fund will be run out of the firm’s Boston office and will comprise roughly 60 dividend-generating US stocks across various industries “with the aim of producing superior returns with an overall dividend yield higher than the S&P500.”

Jeff Morris, head of US Equities, Standard Life Investments, said: “This is an exciting offering for investors looking for exposure to the US equity market …

“Although the US is not always synonymous with income investing, there are a number of companies that have delivered stable income streams and are growing dividends.

“There’s also a broad spread of sectors in the US that offer income-yielding opportunities, with over 80% of companies in the S&P500 currently paying a dividend.”

Scott Eun will manage the fund with the support of Warren Gibbon and the broader US equity team of 10, who are based in Standard Life Investments’ Boston office.

Edinburgh-based Standard Life Investments has assets under management of about £260 billion and has offices in financial centres around the world including Boston, Hong Kong, London, Beijing, Toronto, Sydney, Dublin, Paris and Seoul.