Isis, the retail investment brand of Friends Ivory & Sime has launched the UK Dynamic Fund, which aims to invest in a concentrated portfolio of around 40 UK equities.
The fund will be managed by Rodger McNair supported by Richard Bell. The two will back their stock ideas in the UK market irrespective of the index weightings or stockmarket sector classification.
UK Dynamic Fund will not benchmark to any index but rather invest across the universe of UK quoted companies. It will instead compare itself to peers in the sector.
Minimum investment is £1,000, has an initial charge of 4.75 per cent and an annual management charge of 1.5 per cent. Commission payable is 3 per cent initial and 0.5 per cent renewal.