This fund, launched in October 2005, is intended as a 'one stop shop' for people who want an attractive, regular income from a diversified investment portfolio, but don't like unnecessary paperwork.

TB Wise Income has a very wide investment remit, covering shares, cash, commercial property and fixed interest, with the mix changing to reflect opportunities in the market.  The fund invests in these asset classes through collective investments.  At any time we expect our fund to hold around 30 – 40 other funds, giving our investors exposure to the best fund managers in each sector.

The fund is in the IMA Active Managed Sector.  We chose this sector because it imposes the least restrictions on where we can invest, the only stipulation being that we have to have at least 10% of each fund in overseas shares.

The Active Managed sector average isn't a particularly helpful guide to performance because the sector is full of out-and-out growth funds.  TB Wise Income, being highly diversified, will tend to lag behind such funds in the kind of punchy bull market we saw in 2006 and early 2007.  We would expect the fund to hold its value better in tougher times.

The fund is available for direct investment, and through ISAs and self-administered pension schemes (SIPP & SSAS).

Income is paid quarterly. 

The full initial charge on the fund is 4.0%, though in practice it will normally be lower through commission sacrifice.  The annual management charge is 1.65% per annum.

Please call us on 0845 8033 433 to find out more, or to make an investment.