Dresdner UK mid cap unit trust on discount

By James Thorneley Dresdner RCM Global Investors is to offer a 0.5% discount on its UK Mid Cap unit trust From the 1 October to 29 October the initial management fee will be 3.5% for purchases of units in the trust. The initial charge for Isa and Pep business will remain unchanged at 3% as will the annual charge of 1.25 Derek Lygo, manager of Dresdner RCM UK Mid Cap unit trust, has recently increased the number of holdings in the fund from 55 to 65 stocks. The decision follows increased interest in the fund from investors on the back of strong performance of mid cap stocks this year. In ...