Factsheet: TB Wise Multi-Asset Income B Inc
Mixed Asset 61-100% Equity
Rated Fund 2015-2018. Looks for income opportunities across the asset spectrum
This fund was highly commended in Money Observer's Best Mixed Asset Higher Risk Fund category in 2015. Tony Yarrow, chairman and founder of wealth manager Wise Investments, has managed it since inception in 2005. He was joined by a co-manager in 2017, in the form of Vincent Ropers.The managers describe this as a strategic income fund, as they are able to look globally for attractive income-paying assets across the widest spectrum including fixed interest, commercial property, shares and alternative assets such as private equity and infrastructure. They obtain this exposure mainly through other investment funds and trusts, though they can also invest direct. The fund has an attractive yield of 4.8 per cent and pays income quarterly.Yarrow's process begins with economic, market, fund and company analysis. When considering which assets to buy he looks for those that are of high quality, but undervalued and out of favour with the market. He is prepared to hold onto these investments until their prospects improve. When holdings become fashionable and expensive he tends to sell them.At the end of 2017, the fund had 80 per cent in equities. The managers have been increasing allocations to UK equities, where they see attractive value opportunities despite investors' nervousness around Brexit. UK small companies were their largest sector allocation, accounting for more than a fifth of assets, while they also had 11 per cent in UK large companies. Property, utilities and private equity made up the rest of their top five sector allocations.The fund has ongoing charges of 0.93 per cent.
Narrative and ratings content all as of 01 January 2018.See all Money Observer rated funds
|Princess Private Equity Ord||4.38 %|
|Legal & General Group PLC||4.28 %|
|Ediston Property Investment Company||4.02 %|
|Middlefield Canadian Income Ord||4.00 %|
|Ecofin Global Utilities & Infra Ord||3.49 %|
|BlackRock World Mining Trust plc||3.32 %|
|British Land Co PLC||3.08 %|
|Aberdeen Asian Income Ord||3.03 %|
|Shoe Zone PLC||2.85 %|
|National Grid PLC||2.77 %|
|United Kingdom||87.38 %|
|Consumer Cyclical||26.95 %|
|Financial Services||19.63 %|
|Real Estate||10.91 %|
|Basic materials||8.87 %|
|Communication Services||7.44 %|
Data provided by Morningstar.
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