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Lincoln trust seeks growth outside FTSE

Lincoln Unit Trust Managers is expanding its investment fund range with a new UK equity growth trust.

The opportunities trust aims to invest in between 50 and 100 smalland mid-cap stocks. Lincoln hopes the fund will benefit from a potential upturn in the UK market over the coming year.

Similar to 10 of Lincoln&#39s 12 existing unit trusts, the opportunities trust will be managed by Goldman Sachs Asset Management. Lincoln was the first provider to allow UK retail investors access to GSAM.

The fund is available as an Isa or unit trust. The initial charge of 5 per cent has been reduced to 3 per cent during the launch period, with a subsequent annual management charge of 1.5 per cent.

Minimum investment is £25 a month or £500 for lump sum. Commission is 3 per cent.

Lincoln head Helen Turner says: “Stocks outside the FTSE 100 offer some of the most attractive and exciting investment opportunities around.

“An improving economic climate provides excellent growth potential for these companies and we believe this fund offers a great opportunity for investors.”

GSAM managing director Danny Truell says: “The investment philosophy for Lincoln&#39s opportunities trust revolves around quality companies. These are companies that have a management team which can thoughtfully guide growth and either operate in a niche market or are able to benefit from a change in their structural environment.”

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