Trojan Income given reprieve by IA after yield miss

The decision comes despite Trojan's year-end date being before the IA's previously self-imposed deadline. At its 31 January year-end, the £3.5bn Trojan Income fund yielded 3.7%; 90% of the FTSE All-Share's yield, one of two criteria sector funds must satisfy, at that same date was 3.8%. When the IA announced the suspension of yield requirements for the UK Equity Income and Global Equity Income sectors, the trade body said it would apply to all funds with a year-end date after 28 February. However, Investment Week has learned Trojan Income still resides in the UK Equity Income secto...