Formerly the T. Bailey Cautious Managed Fund, the name changed on 1 October 2010 (following a unitholder vote).
In a nutshell, this is a cautious managed fund with a difference, it invests in a variety of assets, so not just your traditional bond and equity approach but, as with all our offerings, it is a fund of funds. This gives the fund a more flexible, all terrain feel, so you will find exposure to commodities, cash or even property when and if we feel they are suitable, but only as an element of the portfolio. You can buy units that are designed to either pay out an income or accumulate to deliver growth, so the investment can suit your needs.
The T. Bailey Dynamic Cautious Managed Fund seeks to outperform the IMA Cautious Managed* sector average over the medium to long-term on a total return basis.
The typical investor profile would be one who recognises the potential for outperformance of equities over other asset classes over the longer-term, whilst wanting to retain a degree of protection from the volatility associated with equities. The strategic exposure to equities is therefore expected to be around 50%.
As the fund is based in the IMA Cautious Managed* sector, its maximum equity exposure is limited to 60%. With at least 30% invested in fixed interest and cash. We have opted to hold less than 60% in equites in our strateic asset allocation in a bid to achive lower volatility than is typical of the sector.
The T. Bailey Dynamic Cautious Managed Fund invests mainly in other regulated collective investment schemes. The fund may have a combination of UK and non-UK investments and given the variety of holdings from cash to gold, it can diversify across different management groups, management styles, geographic regions and asset classes.
The fund is run as an Authorised Unit Trust that allows us to make changes without incurring capital gains tax. The fund has two unit classes: 1) retail units, for individual investors; and 2) institutional units, for institutions and larger investors. You can also buy income or accumulation units, depending on your income or capital growth requirements.
The fund is also eligible for ISA investments/transfers. Units are also available as part of a regular savers scheme.
*As from 1 January 2012, this sector has been renamed IMA Mixed Investment 20%-60%
shares.
Joint Cautious Managed Fund Brochure
Defensive and Dynamic Funds, V2
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The value of your investment and the income derived from it can go down as well as up, and you may not get back the money you invested. When investing in retail unit classes, capital appreciation will be affected by the impact of initial charges and you should therefore view your investment as a medium to long-term holding.