New income distributing share class for Diversified Assets Fund


  • Date: 15/01/2016
New income distributing share class for Diversified Assets Fund

Thomas Miller Investment, a member of the 129 year old Thomas Miller Group of companies, announces the addition of an income distributing share class to the TMI Diversified Assets Fund in response to market demand.

The Dublin-domiciled and UCITS-compliant TMI Diversified Assets Fund was launched in June 2015 and has attracted interest from investors who have helped the fund grow to £50 million assets under management in a short time scale.  The fund offers exposure to a broad range of alternative sectors, investing in listed equity securities and collective investment schemes including Exchange Traded Funds in order to gain exposure to diversified assets.

By providing a single investment solution for investors looking to add diversification to their portfolio, the TMI Diversified Assets Fund has been designed to deliver absolute returns over an economic cycle, with lower volatility than equity markets, while exhibiting a low correlation to traditional asset classes. 

The fund is co-advised by Thomas Miller Investment’s Abi Oladimeji and Mark McKenzie, and also provides sterling accumulation, US Dollar hedged accumulation and Euro hedged accumulation class shares.  The sterling income share class will pay dividends twice yearly and is currently estimated to provide a yield of approximately 3% per annum.

Carolyn Gelling, Director and Head of Collective Investment Funds, Thomas Miller Investment, 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.  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. ”

The value of all investments can go down as well as up. Absolute return funds do not guarantee a positive return and you could get back less than you invested much like any other investment.