Framlington discount

Framlington is putting a discount on its Nasdaq unit trust, run by Stephen Kelly, until 31 December, writes James Thorneley. The fund was recently converted from US small companies to a Nasdaq only brief. The 1% discount on the 5% initial charge applies to Isa, unit trust and Pep transfer investments. Intermediaries can receive 3% commission and, for Pep transfers and lump sum Isa investments only, 0.5% renewal. On 7 July, unitholders voted the American Smaller Companies fund into the Framlington Nasdaq fund. This change marked a reconstruction of the investment portfolio to match the new ...