Troy launches mirror version of Trojan Income after soft-closure

Troy Asset Management has launched an offshore mirror version of its popular Trojan Income fund, headed by Francis Brooke and Hugo Ure, after it soft-closed the onshore portfolio last month.

The group has moved to satisfy demand from existing investors seeking to top up investments into the strategy with the launch of an offshore fund. Called the Trojan Income Feeder fund, it will have no initial charge. The fund will invest at least 85% of its assets in the onshore Trojan Income fund, which holds a range of UK and overseas equities, as well as fixed interest securities and collective investment funds. Last month Troy soft-closed its onshore £1.2bn Trojan Income fund, levying an initial charge of 5% in an attempt to stem inflows into the product. The Trojan Income f...