Portfolio fund focuses on old economy and recovery stocks

Portfolio Fund Management is offering a 1.5% launch discount on its Managed Recovery fund until comes to end this week. As first reported in Investment Week last year, the fund of funds will invest primarily in the UK, giving investors access to the undervalued old economy stocks and recovery stocks. It will invest in a diversified portfolio of unit trusts from some of the leading fund managers in this area. Listed in the UK Equity Income sector, the fund will aim to offer a yield of 2.5%, with income distributed every six months. The discount ends on 19 March. The minimum in...