Scottish Value discount

Scottish Value Management is offering a 1% discount until 31 January 2000 on UK Growth, its Dublin-based Ucits fund. Initial charges for the fund will be reduced from 5% to 4% during the discount period while the 1.25% annual management charge remains unchanged. Commission is 3% with 0.5% trail. The £17.4m frA rated fund, managed by Colin McLean, is ranked 33 out of 47 in Micropal's offshore Equity UK sector over three years, nine out of 53 over one year and one out of 54 over three months. McLean said: "The fund's strong performance has been achieved by focusing on two key issues. First...