Troy Asset Management

Troy Asset Management is to soft-close Francis Brooke's Trojan Income fund in order to protect performance for existing investors.

Inflation may have held steady at 2.7% in the final month of 2012, but this year it is expected to rear its ugly head once more as the impact of falling sterling pushes up import costs.

In less than three months, investment trusts will sit on a level pricing playing field with open-ended products for the first time, as the industry says goodbye to trail commission.

The latest round of QE from the US Federal Reserve may not be enough to prevent the global economy from experiencing a deflationary episode, according to Sebastian Lyon, manager of the £2.2bn Troy Trojan fund.

Sebastian Lyon has put more money behind unloved mining equities in his £2.2bn Trojan fund, after a prolonged period of underperformance from the sector.

Francis Brooke, manager of the Troy Income & Growth trust and £780m Troy Trojan Income fund, said his trust is positioning for further mergers following its takeover of two rivals.

Troy Asset Management is poised to take over two closed-ended UK growth and income trusts which are set to be merged into Francis Brooke's £81m Troy Income & Growth trust.

Troy Asset Management managers Sebastian Lyon and Francis Brooke have backed bakery chain Greggs to overcome the impact of a change in VAT rules that sparked a political storm last month.

The £1.9bn Troy Trojan fund has moved IMA sectors in order to give the portfolio the ability to become fully invested in equities over the longer term.

Troy Asset Management's Francis Brooke has cautioned against overconfidence on BP's anticipated announcement of a dividend increase when it reports its Q4 results tomorrow morning.