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Ingenious Asset Management – UK Equity Fund

Ingenious Asset Management

UK Equity Fund

Type: Offshore multi-manager Oeic

Aim: Growth by investing in UK equities and equity-related securities through a manager of managers approach

Minimum investment: Lump sum £1,000

Investment split: 26.8% industrials, 18.8% basic materials, 12.7% oil and gas, 9.6% financials, 7.4% consumer goods, 7.4% telecoms, 6.5% consumer services, 5.6% healthcare, 3.9% technology, 1.4% cash

Charges: Initial up to 5%, annual 1.5%, performance fee up to 2%

Commission: Initial 3%, renewal 0.5%

Special offer: Initial commission up to 4%

Offer period: until July 31, 2008

Tel: 020 7319 4215

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Special effect

What a difference a day makes. Since March 17, the day the markets digested the news of the Federal Reserve’s intervention in the Bear Stearns situation, the FTSE All Share is up by almost 15 per cent. The European high-yield market has risen by some 7 per cent. Even the financials heavy iBoxx Sterling Corporates index is up by about 2 per cent. This experience highlights the difficulty of calling the bottom of markets. It has also prompted managers of funds in the IMA UK corporate bond sector to make the case for value in sterling credit.

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