Liontrust lines up first launch in five years

The Liontrust Distribution fund, the first launch from the company for five years, will open to inve...

The Liontrust Distribution fund, the first launch from the company for five years, will open to investors on 2 December. At launch the fund, which invests in equities and gilts, will be available at an offer price of 100p. It will aim to achieve a yield of around 5% and be benchmarked against FTSE All Stocks 5-15 year index. State Street is to handle the 40% gilt element of the fund, while flagship manager Jeremy Lang is responsible for the 60% equity investment. Liontrust has signed an exclusive distribution deal with Skandia and product will be available on its Multi Funds platform fro...