Based on a similarly run offshore strategy, the Dublin-domiciled UCITS is billed as providing a single investment solution for investors looking to add diversification to their portfolio.
It will invest across both listed shares and collectives in infrastructure, specialist debt strategies, insurance strategies, private equity, property commodities and other alternative UCITS strategies.
The goal is to deliver absolute returns over an economic cycle, with lower volatility than equity markets while exhibiting a low correlation to traditional asset classes.
Carolyn Gelling, director and head of collective investment funds, said: “This new fund will allow access to our institutional fund management and research capabilities and expertise in alternative asset selection within a liquid, daily-dealing solution. We believe the inclusion of the TMI Diversified Assets fund within a wider balanced portfolio can improve overall risk-adjusted returns.
“Our motivation for launching this fund is part of our overall objective to grow our collective investment funds business and as part of Thomas Miller Investment’s vision to be recognised as a leading investment manager.”
