Trojan Income given reprieve by IA after yield miss

First beneficiary of Covid yield requirement suspension

Troy Asset Management's Trojan Income has become the first fund to be spared ejection from the Investment Association (IA) UK Equity Income sector due to the Covid-related suspension of yield requirements, Investment Week understands.

The decision comes despite Trojan's year-end date being before the IA's previously self-imposed deadline. At its 31 January year-end, the £3.5bn Trojan Income fund yielded 3.7%; 90% of the FTSE All-Share's...