Lincoln Financial Group made its equities growth trust, the Lincoln Opportunities Trust, available t...
Lincoln Financial Group made its equities growth trust, the Lincoln Opportunities Trust, available to all customers this week after a trial run that the company says may be copied when other funds are launched in the future.
The Opportunities Trust was launched on 1 October last year with the backing of £3m from another of Lincoln's funds and further money from other investors.
However, Lincoln decided to run the fund on a trial basis to judge performance and continued appetite for further investment among the original investors.
Having ridden the coat-tails of the global rise in equity markets during October and November last year, the fund was able to achieve growth of more than 21% gross of fees.
A Lincoln spokesman said the success of the trial prompted the decision to subsequently offer the fund to a wider audience as of this month.
Management of the fund is undertaken by Goldman Sachs Asset Management, which Lincoln considers its core manager - although it also uses firms such as Schroders and Perpetual.
Lincoln says IFA commission is being maintained at 3%.
December 2018 or early 2019
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Backed by Schroders, LGIM and the IA