Seneca Investment Managers (Seneca), the Liverpool-based multi-asset value investment house, announces the availability on Allfunds of its two open-ended funds, the VT Seneca Diversified Income Fund and VT Seneca Diversified Growth Fund.
Both funds are managed according to the principles of Seneca’s multi-asset value approach, offering investors a diversified, transparent portfolio of value-oriented holdings, consisting of directly invested UK equities, managed overseas equities, fixed income, and specialist investments.
David Thomas, CEO of Seneca Investment Managers, says: “Increasing recognition of our distinctive value based investment approach have raised the profile of the VT Seneca funds, and we are pleased to be able to meet the growing demand for our products through Allfunds.”
Simon Shapland, UK & Ireland Regional Manager at Allfunds, says: “We are delighted that Seneca Investment Managers and its highly successful fund range are from now available on our platform. Our clients always value our support by bringing an increasing number of interesting investment managers, as Seneca IM are, enlarging our available product offering while multiplying investment options for our clients.
The VT Seneca Diversified Income Fund is a DT-Rated 5 fund, which aims to deliver a high and growing income with the potential to preserve the real value of invested capital. The fund has historically delivered a dividend yield of circa 5%*, with income paid out on a monthly basis.
The VT Seneca Diversified Growth Fund is a DT-Rated 6 multi-asset portfolio combining tactical asset allocation with a mid-cap UK equity portfolio, a range of overseas, value-orientated equity managers, significant exposure to specialist assets, and modest holdings in fixed income markets.
*The historic yield reflects distributions declared over the past twelve months as a percentage of the period end unit price. It does not include any preliminary charge and investors may be subject to tax on their distributions. The fund’s expenses are charged to capital. This has the effect of increasing the distribution(s) for the year and constraining the fund’s capital performance to an equivalent extent.
NOTES TO EDITORS:
Seneca Investment Managers
Seneca Investment Managers is based in Liverpool with a national client base. Investors range from institutions such as pension funds and charities, through to financial advisers, discretionary private client managers and personal investors. The firm specialises in multi-asset value investing.
Allfunds Bank Group offers integrated fund solutions (operational, analysis and information). Created in 2000 and owned in equal parts by the Santander and Intesa Sanpaolo groups, today Allfunds Bank has more than €227 Billion (c. £195 Billion) AuA and offers close to 47,000 funds from nearly 500 fund managers. Allfunds Bank has a local presence in Spain, Italy, UK, Chile, UAE, Switzerland, Colombia and Luxembourg and has more than 503 institutional clients, including major commercial banks, private banks, insurance companies, fund managers, financial supermarkets, international brokers, and specialist firms from 38 different countries.
The VT Seneca Investment Funds may experience high volatility due to the composition of the portfolio or the portfolio management techniques used. Before investing you should read the key investor information document (KIID) as it contains important information regarding the funds, including charges, tax and fund specific risk warnings and will form the basis of any investment. The prospectus, KIID and application forms are available from Link Fund Solutions, the Authorised Corporate Director of the Funds (0845 608 1497).
Seneca Investment Managers Limited is the Investment Manager of the Funds (0151 906 2450) and is authorised and regulated by the Financial Conduct Authority and is registered in England No. 4325961 with its registered office at Tenth Floor, Horton House, Exchange Flags, Liverpool, L2 3YL.