Portfolio Fund Management is offering a 1.5% launch discount on its Managed Recovery fund until come...
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 investment is £3,000 and the initial charge is 5%, with an annual management fee of 1.5%. IFA commission is 3% initial and 0.5% renewal. Core funds in the portfolio will include Newton Higher Income, HSBC UK Income & Growth, Credit Suisse Monthly Income and Fidelity Special
Darren Talbot, head of marketing at Portfolio Fund Management, said: "We have designed the Managed Recovery fund for the cautious investor and to provide a balance for those investing in more volatile sectors, such as technology.
"Our three-stage investment screening process in conjunction with investment management selection will be used to identify investments in a portfolio of some of the top, consistently strong performing funds investing in the UK's old economy and recovery stocks."
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