Lincoln is launching a fund of unit trusts offering global exposure with the portfolios managed by G...
Lincoln is launching a fund of unit trusts offering global exposure with the portfolios managed by Goldman Sachs Asset Management.
The Global Opportunities Portfolio is invested in four Lincoln unit trusts offering exposure to the UK, Japanese, North American and European stock markets as well as internet stocks. The fund is available as a unit trust or Isa investment, with Lincoln offering a free Pep or Isa transfer into Global Opportunities. The unit trust has 45% invested in the Lincoln Growth fund and 30% in Lincoln European with the remaining 25% split between the Lincoln Internet Tollkeeper fund and Lincoln Japan fund. The minimum investment is £2,500 lump sum or £200 per month for both Isa and unit trust investments.
Helen Turner, head of unit trusts at Lincoln, said: "The combination of high growth potential coupled with Goldman Sachs risk-controlled investment philosophy make this an attractive option - not just for our own clients but also those investors who wish to transfer their Peps and Isas from other providers. It is positioned to benefit from growth in each of the world's key markets. Splicing the portfolio with the Tollkeeper Internet trust brings exposure to both new and old style economies."
Lincoln is offering a discount of 1% off the initial charge on investments of up to £10,000 in the fund up to 31 August. This discount will take the initial charge to 4.25% from 5.25%. For investments of £10,000 and above the discount is 1.5%, taking the initial charge to 3.75%.
The fund also offers an income facility for investments of £20,000 and over. Investors can take up to 6% a year or 0.5% per month from the fund as income.
Lincoln Growth is ranked 153 out of 232 funds in the UK All Companies sector over three years, offer to bid, on growth of 31.9%. The unit trust is 212 out of 284 over one year on a fall of 3.3%, also on an offer to bid basis. The fund is 46 out of 298 over three months, bid to bid, on growth of 11%.
Lincoln Japan is 66 out of 69 funds in the Japan sector over three years, offer to bid, on growth of 5%. The fund is 70 out of 76 over one year, offer to bid, on growth of 5.1% and is 23 out of 77 on a bid to bid basis over three months on growth of 4.8%.
Has spent four years at SLA
Our weekly heads-up for advisers
Factor in volatility
Potential IHT liability