Troy Trojan targets 100% in equities after sector switch

The £1.9bn Troy Trojan fund has moved IMA sectors in order to give the portfolio the ability to become fully invested in equities over the longer term.

With effect from 1 April, the fund has moved from the IMA Mixed Investment 40-85% Shares sector (formerly the Balanced Managed sector) to the IMA Flexible Investment sector. Funds in the latter peer group can hold up to 100% in equities, which manager Sebastian Lyon said he is looking to do in future. The manager also noted the Flexible Investment sector provides the scope for more defensive positioning. "Moving the Trojan Fund into the IMA Flexible Investment sector gives us greater scope. The 40-85% limits restricted flexibility to protect downside. Moreover, in the long term we int...