Where is the yield in floating rate bonds?
An open-ended sub-fund of the TwentyFour ICAV, an umbrella fund with segregated liability between sub-funds authorised by the Central Bank of Ireland as a Qualifying Investor AIF pursuant to the Irish Collective Asset-management Vehicles Act 2015 and authorised by the Central Bank of Ireland as a Qualifying Investor Alternative Investment Fund.
The investment objective of the Sub-Fund is to seek to achieve income and long-term capital growth.
The fund will seek to achieve a return for shareholders through investment in a portfolio of debt and debt related securities. Such debt and debt related securities shall primarily consist of asset backed securities (ABS), (including but not limited to, mortgage backed securities (MBS) and collateralised loan obligations (CLOs).)
TwentyFour will follow an integration approach in assessing environmental, social and governance issues for the fund.
Speculation on the timing of the Bank of England’s first post-pandemic rate hike has been rife. But whether the BoE hikes rates later this week, next month or even waits until after year-end, it is worth thinking about what it will mean for the general public, a step away from the financial markets.
|Portfolio Manager||TwentyFour Asset Management LLP|
|Share Class Currency||GBP|
|Index||3m GBP Libor|
|Fund Launch Date||20 Aug 2020|
|Share Class Registrations||GB|
|Fund size in mln.||257.45|
|Depository||Northern Trust Fiduciary Services (Ireland) Limited|
|Registrar||Northern Trust International Fund Administration Services (Ireland) Limited|
|Fund Administrator||Northern Trust|
|Share class||Currency||ISIN||Distrib.||Type||Launch date||Management fee|
|A Inc||GBP||IE00BMX0BJ68||Dist||Institutional||20 Aug 2020||0.45%|
* TER includes performance fee where applicable