Blake Hutchins appointed co-manager of Troy Income & Growth Trust

Joins Francis Brooke and Hugo Ure at helm

Blake Hutchins, co-manager of Troy Asset Management's £3.5bn Trojan Income fund alongside Francis Brooke and Hugo Ure, will join his co-managers in running the Trojan Income & Growth Trust from today (30 October).

Hutchins, who joined Troy from Investec Asset Management last year, has worked on the trust's portfolio alongside its current managers since he began at the firm. He also works closely with Brooke and Ure on the £266m Trojan Ethical Income fund. The trust, which will hold between 35 and 50 stocks at any one time, has a bias towards high-quality and defensive UK equities, with its largest holdings including the likes of Unilever, Reckitt Benckiser and RELX. Over three, five and ten years, it has lost 5.11% and gained 11.9% and 98.4% respectively, placing it in top quartile relative ...