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Toscafund to launch global financials fund for retail investors

Asset manager Toscafund is to launch a global financials fund on the T. Bailey administration platform, which has seen the latter named authorised corporate director of the new launch.

The Aptus Global Financials fund will aim to produce long-term capital and income growth by investing in a portfolio of global financial services companies, including banks and insurers.

The fund will be managed by Johnny de la Hey, who aims to generate a return in absolute terms with respect to the MSCI World Financials and MSCI World indices.

The fund is to be the latest to be launched using the T. Bailey fund administration service, which has already signed up Amati Global Investors, Oriel Asset Management and Nettle Capital Management.

The fund will have three share classes – A, B and C – carrying annual management charges of 1.7 per cent, 1.2 per cent and 0.2 per cent, respectively. The A and B share classes with require a minimum investment of £1,000.



Mike Morrison: The importance of getting the right platform

According to the old saying you can’t teach an old dog new tricks. Over the last few weeks I have been trying to prove that this is not necessarily correct. I have been settling in to my new job and in most respects I have been able to get up and running straight away – […]

FSCS appeals landmark High Court advice ruling

The Financial Services Compensation Scheme has lodged an appeal against a landmark High Court ruling relating to how the scheme assesses compensation claims for poor advice. The original case was brought by Charmaine Emptage, who was advised by Berkeley Independent Advisers mortgage broker Peter Sharratt to exchange a £40,000 repayment mortgage for an interest-only mortgage […]

Peter Izard joins Saffron as head of mortgages

Former GMAC-RFC and Portillion corporate accounts manager Peter Izard has joined Saffron Building Society as head of mortgages. Izard will be responsible for mortgages for the mutual’s intermediary and branch distribution channels. He has over 20 years’ experience in the intermediary mortgage market, having spent seven years working at Intelligent Finance as a key account […]


Barclays to launch basic financial planning software

Barclays is launching new personal financial management software for its customers, including a range of financial management tools. Barclays Money Tools will offer spending and income analysis tools, allow clients to set their own savings goals and provide income expenditure tools. Barclays announced the plans at the Finovate Asia conference in Singapore. The service will […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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