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ScotEq extends its range

Scottish Equitable is extending its pension range with four new funds.

Three funds are aimed at investors seeking an above-average level of risk while the fourth, UK equity income, is aimed at medium-risk investors.

The European smaller companies fund is aimed at achieving first-quartile performance over a rolling three-year period.

European Tactical invests in all sizes of European stock and also aims to achieve first-quartile performance over a rolling three-year period.

UK Equity Tactical aims to be an aggressively managed UK equity portfolio offering above-average returns over the medium term.

It expects to invest up to 30 per cent in smaller com panies.

The UK equity income fund is aimed at producing above-average yields.

The funds have a 5 per cent bid/offer spread and a 1 per cent annual charge.

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