Exeter is putting a 1% discount on all lump sum investments in its Global Opportunities fund until 5...
Exeter is putting a 1% discount on all lump sum investments in its Global Opportunities fund until 5 April 2002.
The discount comes off an initial charge of 5% and applies to Isas, Pep transfers and direct unit trust investment. The annual management fee remains 1.25% and commission is 3%, with 0.5% trail.
The five-star-rated fund, managed by Richard Scott, is ranked first in its sector over five years, returning 107.6% to 31 December 2001 on an offer to bid basis, compared to the global growth sector average of 27.5%.
The fund seeks to maximise capital growth through an internationally invested portfolio of investment trust shares and country portfolios.
Philip Thitchener, marketing manager at Exeter, said while many groups this year are putting discounts on income funds, with markets beginning to show signs of a recovery, he does not see bonds offering a great deal of total return.
Scott said: 'In a very difficult year for global stock markets in general and the investment trust sector in particular, the fund's unit price fell by 18.5%. However, after such a disappointing time for stock markets, and with many investment trusts at large discounts, there are grounds for anticipating a much better year unless the US economy remains in recession.'
£92bn transferred since 2015
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Since first announcement