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Money Guru fund aiming to pick out undervalued firms

Investment research comp-any MoneyGuru is offering its first branded unit trust in association with Way Fund Managers.

The Elite MoneyGuru income with growth trust will invest in UK equities, with a particular focus on small and mid-cap sectors.

The trust will hold around 20 stocks and each stock will be subject to MoneyGuru&#39s research and analysis.

Investors and IFAs will be able to access research reports on all shareholdings on MoneyGuru&#39s website and can get monthly portfolio reports.

MoneyGuru will look to identify under-researched and undervalued companies for the trust. It says many small and mid-cap companies have good growth potential but are often overlooked because they are not researched properly.

The fund has an initial charge of 5.25 per cent and annual 1.5 per cent. Comm-ission is 3 per cent initial and 0.5 per cent renewal. Minimum investment is £5,000.

MoneyGuru investment director Ian Lancaster says: “The best income-generating investment returns with the lowest risk can be achieved over the long term by identifying companies that are under-researched and undervalued and by taking extensive due diligence. We believe that many mid and small-cap shares are currently undervalued because of shortcomings in research.”

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