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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.”


Deposit accounts ahead of inflation

Wealthy taxpayers can beat inflation with more than half of all deposit accounts currently available despite not being able to with any last year. Survey results from Bates Investment Services show that higher-rate taxpayers can get a positive real rate of return with 51 per cent of all deposit accounts. The same survey last October […]

Testing times for KFI systems

AMI director Chris Cummings“In September, the AMI challenged all lenders to publish their KFI test systems. Failing this, we said that they should have them ready by the start of October so that their customers (that is the intermediary market, in case anyone forgets), could test them out. It would seem odd, after all, that […]

Standard Sipp boasts tax-efficient dripfeed

Standard Life is offering a new self-invested personal pension for clients looking for greater control of their pension fund. It offers immediate basic-rate tax relief on contributions to maximise investment opportunities and is available as a single-charge version for customers invested entirely in its Sigma range of funds. The Sipp will provide access to direct […]

Independent view

Did you know that in the US you have to be an accredited investor to invest in a number of higher risk investments? These investments include: •private placements;•real estate syndication and limited partnerships;•pre-initial public offerings (IPOs);•sub-prime financing;•mergers and acquisitions;•loans for start-ups;•hedge funds. Under the Securities Act of 1933, an accredited investor is accepted as someone […]

India Election Update

What a difference six months makes. Speaking in September last year, we had warned of ‘excessive pessimism’ afflicting the market’s perception of India. Since then, responsible central bank policy from the Reserve Bank of India (RBI), alongside improving global growth, has meant that India’s macro environment is strengthening quickly. The current account deficit has shrunk, inflation is falling and the government has embarked on a heavy dose of much needed fiscal consolidation. As a result, the rupee has been one of the strongest global currencies this year while the market has touched all-time highs, rallying by more than 20 per cent (GBP) since September. This begs the question: are we now in a period of ‘irrational exuberance’? Not yet.


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