True Potential Adds Threadneedle Funds
True Potential Investments has added four Thread needle Income Strategies to its Wealth Platform, featuring an exclusive price cap.
The firm says the new Income Strategy funds will appeal to investors using its platform who are seeking a regular income or dividend from their portfolios.
Objectives of the New Income Strategies
The purpose of each strategy fund is to generate income above the yield on FTSE 100 and preserve the real value of the investment over the medium- to long-term.
Risk Profiles of the Four Added Funds
The four funds are mapped to suit specific risk profiles – Monthly Extra Income is ‘Balanced’, Global Equity Income and UK Equity Income are ‘Growth’ and UK Equity Alpha Income is ‘Aggressive’. They are all based on clean share classes and feature a price cap that is exclusive to True Potential.
Market Context and Investor Demand
Mark Henderson, Senior Partner at True Potential LLP, said: “With UK interest rates at a historic low and many clients being disadvantaged as a result, in addition to those effectively losing with cash ISAs, we are pleased to announce an addition to our strategy range with the release of these four Threadneedle funds.
“There are a number of reasons why Income Strategy funds are growing in popularity – investors are becoming increasingly aware of the potential for re-invested income to act as a driver, enhancing the total returns from their portfolios.
“Alternatively, the rising cost of living has prompted some investors to look for a regular income from their investments in order to help them meet their household bills. Likewise, retirees are increasingly looking to supplement their pension arrangements by drawing a regular income from their investment.
Selection Process for Strategy Funds
“Before being added to the Wealth Platform, each strategy fund manager must meet our strict selection criteria and provide significant value to our investors.
“After considering the wide range of income funds on the market and upon completion of our rigorous due diligence process, we identified Thread needle as being one of the best. They are well established and have a solid history of delivering growing income from primarily equity-based funds. Their ability to offer exclusive charges for True Potential clients was also instrumental. It’s always important for us that we can secure the best price possible for clients.
“Threadneedle will be the first manager we add to our platform Income Strategy option – we are currently reviewing activity across the market with a view to adding more Income Strategy Funds later in the year.”
Recent Financial Results for True Potential
In January 2014, True Potential announced its latest financial performance for the 2013 calendar year, revealing a turnover of £27.5 m, an increase of 112% on the previous year, and net profit of £5.3 m – 47% up on 2012.
True Potential Investments has added four Thread needle Income Strategies to its Wealth Platform, featuring an exclusive price cap.
The firm says the new Income Strategy funds will appeal to investors using its platform who are seeking a regular income or dividend from their portfolios.
The purpose of each strategy fund is to generate income above the yield on FTSE 100 and preserve the real value of the investment over the medium- to long-term.
The four funds are mapped to suit specific risk profiles – Monthly Extra Income is ‘Balanced’, Global Equity Income and UK Equity Income are ‘Growth’ and UK Equity Alpha Income is ‘Aggressive’. They are all based on clean share classes and feature a price cap that is exclusive to True Potential.
Mark Henderson, Senior Partner at True Potential LLP, said: “With UK interest rates at a historic low and many clients being disadvantaged as a result, in addition to those effectively losing with cash ISAs, we are pleased to announce an addition to our strategy range with the release of these four Threadneedle funds.
“There are a number of reasons why Income Strategy funds are growing in popularity – investors are becoming increasingly aware of the potential for re-invested income to act as a driver, enhancing the total returns from their portfolios.
“Alternatively, the rising cost of living has prompted some investors to look for a regular income from their investments in order to help them meet their household bills. Likewise, retirees are increasingly looking to supplement their pension arrangements by drawing a regular income from their investment.
“Before being added to the Wealth Platform, each strategy fund manager must meet our strict selection criteria and provide significant value to our investors.
“After considering the wide range of income funds on the market and upon completion of our rigorous due diligence process, we identified Thread needle as being one of the best. They are well established and have a solid history of delivering growing income from primarily equity-based funds. Their ability to offer exclusive charges for True Potential clients was also instrumental. It’s always important for us that we can secure the best price possible for clients.
“Threadneedle will be the first manager we add to our platform Income Strategy option – we are currently reviewing activity across the market with a view to adding more Income Strategy Funds later in the year.”
In January 2014, True Potential announced its latest financial performance for the 2013 calendar year, revealing a turnover of £27.5 m, an increase of 112% on the previous year, and net profit of £5.3 m – 47% up on 2012.
