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SGAM launches UK Income Unit Trust

Soc Gen Asset Management is launching a UK Income Unit Trust, its fourth trust to be focused on the retail market.


The minimum contribution to the Pep-qualifying Soc Gen UK Income Unit Trust will be £1,000 lump sum or £50 a month. After April 5 savings may be invested in ISAs.


The initial charge is 5.25 per cent and there is an annual management fee of 1.5 per cent. IFA Commission is 3 per cent.


Joint managing director Nicola Horlick will manage the fund.


She says: &#34There are many companies which are in a good position to offer growth and a steady stream of growing dividends. I am looking for companies with strong management and good products.&#34

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