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Troy Launches Global Income Fund for James Harries

10 October 2016

Troy Asset Management Ltd today announces details of the Trojan Global Income Fund which will launch on 1 November 2016 and be managed by James Harries.

James joined Troy in June 2016 from Newton Investment Management where he was manager of the Newton Global Income Fund from launch in November 2005.

The Trojan Global Income Fund will seek to achieve steady income over the long term with an explicit focus on global businesses that exhibit high returns on capital employed which should avoid permanent capital loss and sustain long-term income growth.  With a top-down and bottom-up element to the investment process, the fund will typically hold between 30-50 stocks.  There is no formal yield target  however,  the fund is expected to yield circa 3.0%.

Commenting, James Harries said: “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. At the core of the Trojan Global Income Fund will be long term compounding businesses that are the hallmark of Troy portfolios; businesses that have stood the test of time, are largely in control of their own destinies with regard to regulation, pricing and capital needs, as well as being highly diversified in terms of product, market and geography.”

Troy’s Chief Executive, Sebastian Lyon added: “James has an excellent track record in managing global equity income portfolios and his expertise in the sector is highly complementary to our existing investment strategies.”


Key fund facts:


Fund manager                                        James Harries

Fund type                                              UK domiciled UCITS IV

Launch date                                           1 November 2016

Offer Period                                            17th – 31st October 2016

Minimum investment                               £1,000 lump sum; £100 per month

Annual management fee                          O Class 0.85%; I Class 1.35%; S Class 0.75%*

Estimated ongoing charges figure             O Class 0.98%; I Class 1.48%; S Class 0.88%*


*For registered charities only