We are delighted to announce the upcoming launch of our new fund, TIME:Defensive Income Securities. The fund has been developed in response to demand from advisers and their clients for an alternative, liquid, equities-based income fund with lower volatility and more predictable income than traditional equity income funds.
The fund targets an annual income return of at least 5% and capital growth over the long-term from a portfolio of high quality, low volatility investments in listed real estate, infrastructure and renewable energy companies, and selected corporate bonds of asset backed companies.
The fund uses a passive investment strategy based on a sophisticated stock selection process which involves the use of rigorous screening criteria. Based on these filters, a diversified portfolio of income producing securities is acquired on a “buy and hold” basis.
To be included in the portfolio, equity holdings need to have demonstrated a lower level of volatility than the market average and to have delivered consistent and predictable dividend yields. Where the fund invests in Real Estate Investment Trusts (REITS), these must have a low level of gearing. Infrastructure and renewable energy stocks will provide inflation-linked cash distributions.
The investment strategy seeks to remove the subjectivity of decision-making and emotional bias which can affect the investment decisions made by active managers. The result is a fund which aims to deliver a consistent, secure income and lower volatility for investors.
Stephen Daniels, Head of Investments at TIME: “We are launching the fund in response to demand from advisers for an equity fund which can provide an attractive and consistent income return, but with low price volatility. Our new fund is in keeping with our investment philosophy and expertise at developing an investment process which applies rigorous screening to deliver against the fund’s objectives.”
The TIME:Defensive Income Securities fund will be categorised as a Non-UCITS Retail Scheme (“NURS”) and will offer investors daily liquidity.
TIME Investments is an award winning investment manager that specialises in providing tax efficient investment solutions and unique long income property funds. We have more than £750 million of assets under management and are part of a group (Alpha Real Capital) that manages over £2 billion of long income real estate, infrastructure and other asset backed investments (including capital commitments). We pride ourselves on putting our clients first and keeping their best interests at heart, offering real transparency around our products, what we invests in and what the risks are.