Troy launches Trojan Ethical Income Fund for Hugo Ure
28 January 2016
Troy Asset Management today announces details of the Trojan Ethical Income Fund which was launched on 6 January and is managed by Hugo Ure.
The Trojan Ethical Income Fund will seek to provide income with the potential for capital growth in the medium term and will typically hold between 35-50 stocks. Whilst similar to the Trojan Income Fund, its key differentiator is that it will invest within the parameters of specific ethical criteria which excludes investments relating to fossil fuels, pornography, tobacco and certain types of armaments. The Fund can also hold up to 30% in overseas stocks, which will be chosen in line with the manager’s process of bottom-up stock selection.
Hugo Ure joined Troy in January 2009 and is currently co-manager of the Troy Income & Growth Trust and assistant fund manager of the Trojan Income Fund and Trojan Income Feeder Fund. He has also had primary responsibility for a £75m segregated charity portfolio since 2012.
Commenting, Fund Manager Hugo Ure said: “I am very pleased to announce the launch of the Trojan Ethical Income Fund. For some time we have been aware of the increasing demand from investors for a fund that eschews certain holdings that do not fit with their principles and objectives. The Trojan Ethical Income fund is, first and foremost, a UK equity income fund with its roots based in Troy’s well established investment process. However, the Fund also adheres to a set of ethical criteria that we hope will resonate with a growing pool of investors. ”
Sebastian Lyon, Chief Executive at Troy added: “Troy offers a highly experienced investment team that is committed to delivering strong risk-adjusted returns to investors through our particular investment style. The launch of this fund managed by Hugo demonstrates our continued commitment to that philosophy.”
Fund manager Hugo Ure
Fund type UK domiciled UCITS IV
Launch date 6 January 2016
Minimum investment £1,000 lump sum; £100 per month
Annual management fee O Class 1.0%; S Class 0.75% (for registered charities)
Ongoing charges fee* 1.15%
*The ongoing charges fee applies to O Class shares only.