TwentyFour Income Fund targets a 6%-9% return with a minimum 6p dividend a year from a portfolio of asset-backed securities with floating rate coupons - interest payments which change alongside interest rates and are designed to limit the impact of rate rises. This total return NAV target has been achieved, while the dividends have also been well above the intended minimum. The managers believe that there is strong technical support behind the market as more institutional investors seek floating ....
19 Jul 2018
TwentyFour Income Fund - Overview
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TwentyFour Income Fund - Overview
TwentyFour Income Fund Ltd GBP (TFIF:LON) | 102 -0.4 (-0.4%) | Mkt Cap: 765.0m
- Published:
19 Jul 2018 -
Author:
William Heathcoat Amory -
Pages:
6
TwentyFour Income Fund targets a 6%-9% return with a minimum 6p dividend a year from a portfolio of asset-backed securities with floating rate coupons - interest payments which change alongside interest rates and are designed to limit the impact of rate rises. This total return NAV target has been achieved, while the dividends have also been well above the intended minimum. The managers believe that there is strong technical support behind the market as more institutional investors seek floating ....