Alliance Trust Monthly Income Bond Fund available on Transact

Alliance Trust Asset Management's recently launched Monthly Income Bond Fund is now available to buy via Transact, one of the UK's most widely used wrap platforms.

The Alliance Trust Monthly Income Bond Fund has been designed to invest in a diversified portfolio of predominantly sterling denominated, high quality, investment grade corporate bonds, while at the same time allowing the managers to protect investors against a rising interest rate environment.  This portfolio is highly liquid, benefitting from no legacy positions, and is expected to generate an annualised income yield of 6.3%, payable on a monthly basis.

Commenting on the availability of the fund on Transact, Tom Pearson, Director, Head of Retail Sales at Alliance Trust Asset Management, said:

"With over 4200 IFAs using Transact, the platform quickly presented itself as the preferred choice for the launch of our new bond fund. We are working closely with Transact and with our other distribution platforms to ensure that Alliance Trust Asset Management's investment products have the widest possible availability to advisers and their clients."

The Alliance Trust Monthly Income Bond Fund is co-managed by Gareth Quantrill and Stuart Steven, working closely with Rod Davidson and Stuart McMaster.  The team have over eighty years' combined experience of managing fixed income funds and have won many industry awards.  All members have held key positions within fixed income and credit at major fund management groups, such as Scottish Widows Investment Partnership, Henderson and Aberdeen Asset Management.

Tom Pearson continued: "We are confident that many advisers and private investors agreed with us that in these tough and volatile market conditions, the time was right to launch such a high quality monthly income bond fund.  We are absolutely thrilled with the level of support we have received so far - a testimony to the fixed income team's outstanding reputation.  

"Platforms will become a central component of our distribution strategy for our full fund range, as they will account for an increasing proportion of UK sales."