Troy Trojan Ethical Income Class X - Accumulation
Our view on this Fund
This fund is on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. However, this is not a recommendation to buy.
Hugo Ure has managed the Trojan Ethical Income fund since launch in January 2016. Overall, he has 17 years' experience in the investment industry and, prior to joining Troy in January 2009, he worked at Kleinwort Benson, where he was an equity analyst and involved in portfolio management.
Ure has a shorter analysable track record than some other fund managers on the Wealth Shortlist, but this fund follows a similar investment process to the one implemented on other Troy equity income funds and leverages the skills and experience of the highly-regarded Troy Equity Income team.
We also like the way the business is structured. Troy is a privately owned company, and a significant amount of it is owned by directors and employees, including Ure. We like this structure as it shows the fund managers are focused on the long term and aligned with their investors' interests.
What makes the fund different to many other income funds is its ethical approach. The manager doesn't invest in areas deemed unethical, such as tobacco and fossil fuels. Some of these areas are often well-represented in traditional income funds without an ethical tilt, so we think this fund could bring diversification to an income-focused portfolio. It could also be a good addition to a responsible investment portfolio built to provide income.