Thomas Miller Investment has added an income distributing share class to its Diversified Assets fund.
The Ucits-compliant fund, which has reached £50m since its launch in June 2015, invests in listed equities and collective investment schemes including ETFs.
Thomas Miller Investment director and head of collective investment funds Carolyn Gelling says: “We have been pleased by the strong interest from investors in the TMI Diversified Assets fund over recent months and are now adding this new income paying share class in response to market demand.”
The fund, which is co-advised by Abi Oladimeji and Mark McKenzie, also provides sterling accumulation, US dollar hedged accumulation and euro hedged accumulation class shares.
Gelling says: “Against a continued backdrop of low interest rates in major market currencies, investors are still seeking out alternative sources of regular income. This fund can help to meet the needs of those investors who require a combination of income and capital return, within an absolute return strategy. ”
Thomas Miller Investment has total assets under management of £2.9bn.