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Lincoln experiments with unit classes on two funds

Lincoln Unit Trust Managers is set to offer a range of unit classes on its high-profile Far East and emerging markets funds under the Ucits 3 regime.

Rather than convert its unit trusts to Oeics, Lincoln will offer retail and institutional unit classes on two funds from the new year.

Institutional investors currently have to invest in the retail portfolios and Lincoln has to manually process any annual management charge rebates.

The unit classes will initially be offered on its £153m Far East and £24m emerging markets trusts, managed by Liz Desmond and Bob Akester of US fund house Delaware International Advisors. If successful, unit classes will be extended to 11 other funds.

Client services manager Marc Lee says: “We will offer unit classes on the two funds initially and then look at extending it to the rest of the range if it is successful.”


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