L&G UK Active Opportunities I Acc

Quick Stats

Bid Price GBX 256.90 Offer Price GBX 260.00
Mid Price - Day Change GBX -0.10 (-0.04%)
Price Date 14 Nov 2014 Crown Rating 1
Shares Class Inc. Yield 1.20 %
Total Expense Ratio 0.00 Fund Size 150,981,847.71
Launch Date 08/03/1988 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 0.75 Sector IMA UK Equity Income
Min Investment (£) 1,000,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B830PL85 Min TopUp (£) 20,000.00

Fund Objective

The objective of this fund is to provide growth. The fund will typically invest between 90% and 100% in company shares. The fund will invest in UK company shares from all economic areas which, in the manager's view, offer recovery prospects. The manager will select company shares whose market value does not yet reflect earnings potential. The fund may use derivatives (contracts which have a value linked to the price of another asset) for the following purposes: To help with efficient day to day management. To reduce some of the risks of the market. The fund may also invest in cash or deposits. If you hold accumulation units, income from investments held by the fund (dividends) will be reinvested into the value of your units. If you hold distribution units, income from investments held by the fund will be paid out to you (as a dividend). You can buy or sell units in this fund on any working day. You need to contact us with your instruction before 12 noon. This is the time we calculate unit prices for this fund. If you contact us after 12 noon, the units will be bought or sold at the next working day's price. This fund may not be appropriate for investors who plan to withdraw their money within five years.

Fund Managers

Richard Penny
Richard joined LGIM in 2003 and is a Senior Fund Manager within the High Alpha Team and the Manager of the award-winning L&G UK Alpha Trust as well as a number of segregated portfolios. Previously he worked for five years as a Fund Manager for M&G Investment Management and prior to this, for four years as a Fund Manager at Scottish Amicable Investment Management. Richard has a Masters degree in Engineering and Economics from Oxford University.