True Potential Investments has added a new Goldman Sachs Asset Management (GSAM) income strategy fund to its Wealth Platform on an exclusive distribution deal.
True Potential says the objective of the Goldman Sachs Global Income Builder portfolio by Goldman Sachs Asset Management is to provide investors with attractive and sustainable yields of 4.5%-5.5% and capital appreciation by dynamically managing a portfolio of global equities and bonds. The Global Income Builder portfolio will make monthly income distributions and is competitively priced with the ongoing charge being 0.9% pa.
The fund, which has an asset allocation of 60% fixed interest and 40% equities, will appeal to investors who are seeking a regular income from their portfolios but with less volatility than traditional equity markets. It is managed by the same Goldman Sachs Asset Management team that manages the $1bn + Income Builder fund in the US.
Mark Henderson, Senior Partner at True Potential Investment LLO, said:
"Our goal is to provide a range of exclusive and differentiated fund strategies that are fully integrated within our current offering. To meet client goals and provide investors with funds capable of delivering returns, we believe that multi-asset funds give clients exposure to both traditional and non traditional asset classes, all within the client's assessed risk profile.
"This latest exclusive deal with Goldman Sachs Asset Management continues our strong relationship with the world-leading asset management firm, giving our Wealth Platform a unique offer that builds on the Dynamic and Protector strategy funds we added last August with both proving to be extremely popular with advisers and clients."
Nick Phillips, head of Goldman Sachs Asset Management's Third Party Distribution International business said:
"We are delighted to expand our partnership with True Potential in the UK. Our Global Income Builder portfolio brings together the strengths of Goldman Sachs Asset Management's Global Fixed Income and Fundamental Equity teams to create a high quality income product designed to meet clients' growing need for income with potential capital appreciation."
The True Potential group of companies, which includes True Potential Investments LLP, True Potential Wealth Management LLP and True Potential Adviser Services LLP, is one of the fastest growing financial services in the UK. In January 2014, True Potential announced its latest financial performance for the 2013 calendar year, revealing a turnover of £27.5m, an increase of 112% on the previous year, and net profit of £5.3m – 47% up on 2012.