INGENIOUS Asset Management has made its UK Equity fund available to retail investors.
The multi-manager offering was previously only available in institutional share class form and its minimum investment threshold has been lowered to £1,000 from £50,000. It is also suitable for ISAs and SIPPs. An institutional unit is available for investments exceeding £100,000. Ingenious is to market the fund via IFAs, with advisers being offered upfront and ongoing commissions. Additionally, a launch offer will see a bonus commission offered to retail share class investments made before July 31, where initial commission of up to 4pc will be available. The fund was launched in Dece...
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