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Newton widens Intrepid appeal

Newton Fund Managers is adding a new share class and reducing the minimum investment limit on its Intrepid unit trust to roll the fund out to a wider audience.

The £30m fund, which was launched in September 1993, previously had a minimum investment limit of £20,000.

The new A-share class will open on October 27, requiring a minimum investment of only £1,000 or £50 a month.

Newton says it has created the share class in reaction to the growing popularity of the fund.

Since its launch, the Standard & Poor&#39s AA-rated fund has grown by 146.25per cent.

Newton is offering a 1 per cent discount on the fund until December 31, reducing the initial management charge from 4 per cent to 3 per cent.

IFA commission will be a standard 3 per cent initial, with 0.5 per cent renewal.

The fund is managed by a Clive Beagles under a global thematic investment style. Present themes includeadvertising, global outsourcing and demographic change in areas such as leisureand healthcare.

Beagles says: “The fund will be attractive as a long-term investment prospect for the seasoned investor who is looking for growth. It leverages our global themat
icinvesting approach, which Newton has employed since inception, and its success is reflected in the fund&#39s performance since launch.”

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