Ignis UK Enhanced Income A Inc
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 107.15||Day Change||GBX -1.07 (-0.99%)|
|Price Date||7 Apr 2014||Crown Rating|
|Shares Class||Inc.||Yield||7.00 %|
|Total Expense Ratio||1.75||Fund Size||10,100,000.00|
|Launch Date||27/07/2010||Standard Initial Charge (%)||5.25|
|Annual Management Charge (%)||1.50||Sector||IMA UK Equity Income|
|Min Investment (£)||500.00||Total Expense Ratio (%)||1.75|
|ISIN||GB00B4Y05D14||Min TopUp (£)||250.00|
To provide a high income with some long-term capital growth in sterling terms by investing in a concentrated portfolio of approximately 40 to 70 stocks of companies incorporated in the UK. The fund will use derivative instruments to generate additional income by selling call options on a significant number of its holdings.
Graham Ashby joined Ignis in March 2012 as lead manager of the Ignis UK Equity Income Fund and the Ignis UK Enhanced Income Fund. He became Head of UK Equities in June 2012. Graham was previously Head of UK Equities at LV= Asset Management where he managed the LV= UK Equity Income Fund from August 2009. Prior to this Graham was Head of UK Retail Equities at Credit Suisse Asset Management, which he joined in October 2007, Head of Equity Income and UK Equities at Sarasin Chiswell and a senior UK equity fund manager at Deutsche Asset Management / DWS Investments. Graham holds a BSc (Hons) in Physics from the University of Nottingham and is an Associate of the Society of Investment Professionals.