Troy Asset Management has launched an offshore mirror of its Trojan Income fund, which was soft closed in May.
Launched in response to demand from existing investors, the Trojan Income Feeder fund will only be open to those who can already buy into it.
The £1.2bn Trojan Income fund, managed by Francis Brooke and Hugo Ure, was soft closed with a raised minimum investment (to £250,000) and initial charge of 5 per cent.
Troy annpunced the soft-closure when the fund reached £930m to give the managers time to concentrate on managing the existing assets within the portfolio.
A Troy Asset Management spokesperson says: We can confirm that a Trojan Income offshore fund has been launched as a feeder fund into the Trojan Income fund. This was at the request of existing investors, and is only open to those who can already buy into the fund.”
Trojan Income’s cumulative performance to 31 May 2013
|30 / 99||66 / 98||79 / 98||19 / 89||6 / 75|
Source: FE Analytics