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No load on T Bailey best ideas

T Bailey is waiving the initial charge on its forthcoming UK best ideas fund until the end of the year.

The fund can be bought at no load if the adviser rebates up-front commission to their clients and trail commission of 0.75 per cent is available.

UK best ideas, which launches on October 1, is mirroring the approach taken by Skandia in a multi-manager version. The portfolio will hold 10 equally weighted positions and aim to outperform the FTSE Allshare over rolling three year periods and be in the top quartile in the UK all companies sector.

Jason Britton will manage the fund alongside chief investment officer Richard Martin.

Britton says: “We are expecting strong support for the fund when it comes out in just a few weeks. This offer is our way of supporting IFAs and their clients, making it an even more attractive investment proposition.

“We are confident in our abilities and will be disappointed not to achieve the objectives comfortably.”

Minimum investment is £1,000 or £50 a month and annual management charge is 1.5 per cent.

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