SVM aims for niche plays

Scottish Value Management is actively promoting its New Economy fund to IFAs, following its soft launch earlier this year. The fund is part of Scottish Value Management's Dublin-based umbrella Portfolio fund and features an initial charge of 5%, 3% of which is payable as commission. There is an annual management charge of 1.25% pa, of which 0.5% is trail. The fund, which invests in companies in the technology, communications and media sectors, was launched in March during the correction on the Nasdaq. The New Economy fund, which focuses on the small to mid-cap range in the UK and Europea...