The fund, which is based on the firm’s Series 1 Income Fund, offers a gross annual return of between 7.15% and 7.5% relative to the size of investment and is designed to be tax efficient for offshore investors.
Structured as an authorised open ended unit trust, domiciled in Guernsey, the fund is listed on the Channel Islands Stock Exchange and approved for the retail market.
“We are delighted with the launch of the fund and are on track to exceed £10m a month fund inflows from the start of the New Year – our sales teams have had enormous success with promoting the fund through offshore bond companies and the rate of sale is increasing rapidly,” said Alistair Mawdsley, director of Connaught.
“In addition to the offshore bond market, Series 2 is available on Transact, Nucleus and Ascentric with new additions every week.”
