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ARTICLE · 22 JULY 2015

Guernsey Home To Second Largest Investment Trust Launch Of 2015

Guernsey Finance
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The fund will invest in a diversified portfolio of existing UK residential mortgage portfolios that have demonstrated strong performance histories as well as in new portfolios.

GuernseyWealth Management
Ben Morgan
Ben Morgan
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The successful listing of UK Mortgages Limited on the Specialist Fund Market of the London Stock Exchange (LSE) makes it the second largest investment trust to launch in 2015.

The closed-ended fund, which was oversubscribed upon its admission earlier this month, is targeting an annual return of between seven and 10% with an annual dividend of 3p per share and raised £250 million from investors.

The fund will invest in a diversified portfolio of existing UK residential mortgage portfolios that have demonstrated strong performance histories as well as in new portfolios.

Carey Olsen's investment funds practice in Guernsey advised bond fund house TwentyFour Asset Management on the launch of UK Mortgages Limited.

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