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Investment update

Schroders is offering a 2 per cent discount on its medical discovery fund until the end of March. The discount will reduce the fund&#39s initial charge to 3.25 per cent from 5.25 per cent. Annual charge of 1.5 per cent. Minimum investment is £1,000.

Artemis has set up a 24-hour online dealing service, enabling investors and IFAs to buy, sell or review their Artemis investments Valuations are updated daily.

Barclays Global Investors is pushing into the retail market with a new Oeic. The move follows a recent deal which saw BGI take responsibility for 10 unit trusts which were previously owned and marketed by Barclays Funds.

These have been incorporated into the Oeic, along with one tracker fund and a range of exchange traded funds or iShares. BGI will now also own and market the funds to retail investors. Seven of the funds have been made available through FundsNetwork this week.

Aegon is offering a 1 per cent discount on its new optimum income fund until June 30. The discount will reduce the initial charge to 3.5 per cent from 4.5 per cent. The annual charge is 1 per cent. Minimum investment limit is £500.

The fund, which was launched on Friday, will invest in a combination of investment-grade and sub-investmentgrade UK corporate bonds, and will aim to produce a gross redemption yield of 8.5 per cent.

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