Buxton's focus fund may hold as few as 20 stocks

Richard Buxton can hold as few as 20 stocks in 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 pay 0.5% trail. The fund can be bought as income or accumulation units and is available as an Isa or Pep tran...