T Bailey’s cautious managed fund has topped 10m seven months after launch.
The multi-asset vehicle is managed by Jason Britton and Richard Martin. It invests in UK and overseas equities as well as fixed interest and cash.
The fund is invested heavily in UK equities at 44.1 per cent, with 7.1 per cent in overseas equities. Britton says this reflects the long-term nature of most of the fund’s investors. Twenty-one per cent of the fund is in fixed interest, 12.8 per cent in property and 15 per cent in cash.
Britton believes that the changes to Isa investments in April allowing investors to switch from cash Isas to equity Isas will boost inflows as cautious managed vehicles are strong alternatives to cash Isas, taking away large portions of the risk and volatility associated with a pure equity Isa.
Minimum investment on the retail side of the fund is 1,000 or 50 a month, with an annual charge of 1.5 per cent and trail commission of 0.75 per cent.