Troy Asset Management is launching the Trojan Global Income fund in November to be managed by James Harries, following his appointment in from Newton Investment Management in June.
The fund will focus on global businesses and is expected to yield around 3 per cent, despite no formal target. It will hold 30 to 50 stocks.
Harries says: “Global equities remain a fertile source of income and offer an attractive real yield as well as diversification away from the concentrated UK market and sterling.”
The UK-domiciled fund will have an annual management fee of 0.85 per cent and estimated ongoing charges of 0.98 per cent.