Old Mutual Generation Target 5 U1 I
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 105.70||Day Change||GBX -0.20 (-0.19%)|
|Price Date||6 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||2.39 %|
|Total Expense Ratio||0.00||Fund Size||11,010,265.98|
|Launch Date||01/10/2015||Standard Initial Charge (%)||5.00|
|Annual Management Charge (%)||0.55||Sector||IMA UK Equity Income|
|Min Investment (£)||100,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BYRGSC68||Min TopUp (£)||1,000,000.00|
The Fund aims to achieve an annual return of 5% above the UK rate of inflation over the medium term through a combination of the returns on income and capital by gaining exposure to a range of asset classes. Notwithstanding the fact that the Fund aims to achieve an 'annual' return over rolling 5 year periods, any capital is in fact at risk and there is no guarantee that such return will be guaranteed over that time period or within another time period.
Paul Craig joined Henderson following the acquisition of New Star Asset Management and brings with him 20 years of experience in the industry. He started his financial career at Chase Manhattan International as a Fund Administrator before moving to LTCB International as a Traders Assistant and then Exeter Investment Group as a Fund Manager of funds of closed-end funds. He went on to New Star specialising in managing funds of closed-end-funds.