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Ingenious AM offers retail share class for multi-manager fund.

Ingenious Asset Management has opened up its multi-manager UK equity fund to retail investors.

The move sees the minimum investment threshold of the fund lowered to £1,000 from £50,000, with an institutional share class remaining open to investments in excess of £100,000.

A bonus upfront and ongoing commission will be offered to advisers for the retail share class until July 31, 2008, where an initial commission of up to 4 per cent will be available.

The fund is run from a best ideas stance with 10 stocks selected from three fund managers.

Ingenious Asset Management managing director Guy Bowles says: “We offer a genuinely innovative approach, having pioneered the ‘best ideas’ multi-manager strategy for UK equities in 2003. The Ingenious UK Equity Fund allows investors a fresh way of accessing the UK stock market. I am delighted that our fund, which has delivered consistent market-beating returns and protection through manager style diversification, will now be open to a wider investor base. We are very excited about working with the IFA community.”

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