Troy launches Ethical Income fund for Ure

Replicates investment process of £2.5bn Income fund

Troy Asset Management has launched the Trojan Ethical Income fund for manager Hugo Ure.

The fund will replicate the investment process of the company's £2.5bn Income fund, but will not hold investments relating to fossil fuels, pornography, tobacco and certain types of armanents. It will seek to provide income with the potential for capital growth in the medium term and will use bottom-up stock selection to hold between 35 and 50 stocks. The UK-domiciled UCITS fund can also hold up to 30% in overseas stocks. Ure (pictured) joined Troy in January 2009 and is currently co-manager of the £172m Troy Income & Growth trust, and assistant fund manager on the Trojan Income fu...