The Liontrust Knowledge Economy Trust, run by Anthony Cross, will be launched on 16 March, writes Ru...
The Liontrust Knowledge Economy Trust, run by Anthony Cross, will be launched on 16 March, writes Ruth Alexander. Sponsored by Brewin Dolphin, it aims to raise £30m and is the third Liontrust investment trust. It will have an institutional placing, which closes on 16 March and the offer for subscription period will run between 16 and 26 March. IFA commission on the trust will be set at 1% and the annual management charge will be 1%. A performance related fee is payable if Cross outperforms the benchmark equivalent to 15% of that outperformance. The trust, whose benchmark is the capital p...
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