Titan Investment Solutions, the investment arm of Titan Wealth, has added two new funds to its fixed income range.

The Titan Core Credit Fund and Titan Short Duration IG Income Fund will be managed by head of fixed income Peter Doherty.

Mr Doherty said the two new funds broaden and strengthen Titan Investment Solutions’ fixed income offering.

He said: “Alongside the Titan Hybrid Capital Bond Fund, I believe the new bond funds will work well together, with each one investing in a different segment of the bond markets.” 

The Titan Core Credit Fund primarily invests in senior investment grade corporate bonds issued by mainstream, large cap companies. In addition, the fund makes an allocation to both corporate hybrid bonds and subordinated bank and insurance debt. The fund is designed to provide a stable and core fixed income building block for portfolios.

It aims to outperform the GBP Hedged Bloomberg Global Aggregate Corporate Index on a rolling three-year basis, with an initial modified duration of 6.2 years. 

The Titan Short Duration IG Income Fund invests primarily in AAA / AA liquid bonds with low duration and limited volatility. The fund aims to generate a return of 0.5% above the Bank of England Base Rate on a rolling 1-year basis, with a maximum duration of 1.5 years. Typically 60 – 80% of the portfolio will be allocated to AAA / AA investment grade bonds, including covered bonds, sovereign debt and supranational credits. 

Titan is currently involved in a spat with Berkshire Financial Planner Tavistock which terminated its 10-year strategic investment partnership with the firm earlier this year.

The surprise axing of the tie-up, agreed in June 2021, was issued to the stock market in July.

In the announcement Tavistock said: "This follows a sustained period of unacceptable performance by Titan."

Titan subsequently issued a counter statement accusing Tavistock of “serious wrongful conduct” in ending the deal under which Titan managed Tavistock funds.

Titan says it has made a claim for damages after Tavistock ended the investment agreement.