Trojan Income given reprieve by IA after yield miss
First beneficiary of Covid yield requirement suspension
Trojan Income fund co-manager Francis Brooke
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...
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