Richard Buxton can hold as few as 20 stocks in the management of the Schroder UK Alpha Plus unit tru...
Richard Buxton can hold as few as 20 stocks in the management of the Schroder UK Alpha Plus unit trust, which launches on 24 June seeking absolute returns.
The focused fund can invest in between 20-40 stocks and Buxton will initially create a portfolio of 30 stocks when the portfolio goes live at the end of June.
The fund will carry a 1.5% discount for the two-week offer period after launch, during which the typical 5.25% initial charge will be reduced to 3.7%.
It will carry 3% commission and a 0.5% trail.
The fund can be bought as income or accumulation units and is available as an Isa or Pep transfer. Minimum investment is £1,000 for lump sum investments and £50 per month for regular savings.
The fund will seek to produce an absolute return that will put it top decile in the UK All Companies sector on a rolling three-year basis.
To achieve this Buxton expects the turnover of the fund to be around 300% per annum.
This tory was written by Investment Week.
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