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Aggressive strategy for DWS fund

DWS Investments is seeking to boost its Isa season by rolling out a focused

equity income fund which aims to beat the FTSE All-Share by 30 per cent.

Due to launch on February 24, subject to FSA approval, the UK equity income

plus fund will be a best-ideas fund with a portfolio of around 40 holdings,

each weighted at around 2.5 per cent.

It will be run by Graham Ashby, manager of DWS&#39s core equity income fund,

who will invest in any stocks worldwide as long as their main economic

exposure is to the UK. He can also invest up to 10 per cent in corporate


Charges are 4.25 per cent initial and 1.5 per cent annual. Commission is 3

per cent, with 0.5 per cent trail available on Isas or Pep transfers.

Managing director Michael Warren says: “The fund will have a smaller

portfolio, a stronger emphasis on income and a more aggressive approach to

risk to achieve the income target.”

Alan Steel Asset Management consultant Alan Adam says: “Investors should be

looking at equities at the moment and, with Ashby&#39s background, the fund

could be successful.”


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IFAs and investors disagree on markets

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