Lincoln Unit Trust Managers has reduced the initial charge on its Corporate Bond Fund, boosting the ...
Lincoln Unit Trust Managers has reduced the initial charge on its Corporate Bond Fund, boosting the income yield by 10 basis points.
Lincoln has cut the initial charge from 5% to 3.5%, which will increase the income yield from 6.31% to 6.41% and the gross redemption yield from 5.1% to 5.31%.
The Lincoln Corporate Bond Fund, which is managed by Goldman Sachs Asset Management, was launched in March 2001. Since inception, it has delivered top quartile returns, posting growth of 6.99% over the six months to 30 October, bid to bid, compared to a sector average of 5.37%. Similarly, over the month to 30 October, the fund is up 1.28%, bid to bid, versus a sector average of 0.19%.
The £18.15m fund has a 1.1% annual management charge.
Predicted to hit £180bn AUM
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