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SMIF

LSE
84.39000 GBP
0.21
0.25%
Last update May 9, 4:28 PM BST
Pre-market
Day range
84
85.60000
Previous close
84.60000
Open
85.20000
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TwentyFour Select Monthly Income Fund
84.39
0.21
0.25%

Overview

Description

The TwentyFour Select Monthly Income Fund is a type of investment vehicle known as an open-ended investment company (OEIC) focused on delivering steady income to its investors. Its primary function is to provide a diversified portfolio of mostly fixed-income securities, aiming to achieve a consistent monthly income stream. This fund invests across a broad range of sectors including corporate bonds, government bonds, and other secure, income-generating assets. By diversifying its holdings, the fund attempts to mitigate risks associated with single-sector or asset concentration, offering a balanced approach to income investing. Notable for its emphasis on monthly payouts, the TwentyFour Select Monthly Income Fund appeals to investors who prioritize regular income, such as retirees and income-focused portfolios. Its management strategy typically involves active portfolio optimization to capture opportunities across different economic environments, making it a significant player for investors looking for regular cash flows from a well-managed mix of income-generating assets. This fund plays a crucial role in the fixed-income market, providing a reliable option for investors seeking less volatility and stable, predictable returns.

About

CEO
Employees
0
Address
24 Cornhill
London, EC3V 3ND
Phone
+44 20 70158900
Website
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United Kingdom
MIC code
XLON
Pre-market

Exchange is currently open for pre-market.
Main market opens in 2 days 17 minutes

07:42
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
07:15 - 08:00
Main market
08:00 - 16:30
Post-market
16:30 - 17:15
All times are displayed in the Europe/London timezone (BST, UTC+01:00).