Each quarter the Defaqto Investment Committee review the investment solutions that they have rated to check if they are performing within their assigned risk level. Following the latest review, I am pleased to announce the TB Wise Multi-Asset Income Funds risk rating has reduced.
This reduction sees the fund now move to a 6 rating.
| Fund | Current Risk Rating | New Risk Rating |
| Wise Multi Asset Income Fund | 7 | 6 |
The new rating reflects on several portfolio measures implemented by the fund’s managers since mid 2020, which initially were aimed at restoring the portfolio dividend without sacrificing the significant capital upside in markets at the time. More recently these changes have been focussed on ensuring the portfolio and its dividend are more resilient moving forward.
The Income fund, which seeks to grow both its income and capital in real terms whilst delivering investors a minimum target yield of 3%. The fund currently yields 4.4% and marks the level of distribution from which they aim to grow in real terms, with the income now deriving from an increasingly diversified asset allocation.
John Newton, business development manager at Wise Funds, adds: “We are pleased to see the risk rating level drop, whilst we are aware of the historic volatility has been higher than we would like, we have taken steps to diversify the portfolio so investors do not see these levels again.”
“We believe the changes at portfolio level now give us a more diversified and robust level of income at an attractive level for investors in the current climate.”
To find out more, please click here – TB Wise Multi-Asset Income
