Artemis to cut tech fund front end fee

Artemis is offering a 1.5% discount off the 5.25% front end fee on its New Enterprise Fund until 6 June. The unit trust, managed by Lindsay Whitelaw, launches this week and will hold new economy stocks as well as traditional companies that are applying technology to enhance their business. The portfolio will contain between 40 and 50 stocks and be benchmarked against the FTSE All-Share Index. The geographic focus of the fund will be in the UK, but as much as 20% may be invested in overseas markets. Up to 10% of the fund may be invested in unquoted companies, but only where there has been ...