Seneca Investment Managers (Seneca), the Liverpool based multi-asset value investment house, announces the availability of its two open-ended funds, the VT Seneca Diversified Income Fund and VT Seneca Diversified Growth Fund, on James Hay, the platform for retirement wealth planning. Over 56,000 James Hay clients will now have access to Seneca’s funds via James Hay’s Investment Centre.
Both funds are managed according to the principles of Seneca’s multi-asset value approach, offering investors a diversified portfolio of value-oriented holdings consisting of directly invested UK equities, managed overseas equities, fixed income, and specialist investments.
Steve Jackson, Head of UK Retail at Seneca Investment Managers, says: “A number of our IFA and wealth management partners have requested access to our funds through James Hay’s platform. Increasing recognition and strong performance have raised the profile of our offerings, and we are pleased that we can now meet that demand.”
Paul Bagley, Director of Distribution at James Hay, says: “We offer one of the widest investment ranges of any platform from cash and funds all the way through to third party DFMs, unquoted shares and commercial property. It’s great to be able to expand that choice still further at the request of advisers with the addition of these two funds.”
The VT Seneca Diversified Income Fund is a Dynamic Planner 5 profile linked fund, a Trustnet 4 crown rated multi-asset portfolio 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 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 interest 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. Income has been paid monthly since July 2015.
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.