Turcan Connell, an investment, legal, financial and tax advisory firm, has launched an absolute return fund – the third in its stable of unitised investment funds.
The Absolute Return Fund offers a number of advantages over traditional bespoke portfolios and complements the existing CF TC Balanced Portfolio and CF TC Income Portfolio funds.
Capita Financial Managers is the authorised corporate director for all three funds.
Chief investment officer Haig Bathgate says: “We have launched our Absolute Return Fund in response to demand from our clients who are looking for an investment that is designed to deliver a steady positive return that keeps pace with inflation without being exposed to the risk and volatility of traditional financial markets. The objective of the Absolute Return Fund is to produce positive long-term returns, targeting a range of six to eight per cent per annum, irrespective of the underlying stock market conditions. We feel that this type of fund is likely to be particularly attractive in the current climate of inflation coupled with extremely low interest rates.”