Davy AM offers 25bps share class on Discovery fund

Launched in April 2013

Davy Asset Management is launching a founders share class priced at 25bps on its Discovery Equity fund to encourage new flows.

The share class, which will be available from Wednesday 25 October, will be 25bps instead of the usual 75bps. Managed by Chantal Brennan and Jeremy Humphries, the global mid- and small-cap fund was launched in April 2013 but has only reached £15m in size. The fund aims to achieve long-term capital growth by investing in a diversified portfolio of small- and medium-sized companies which demonstrate growth potential coupled with quality characteristics. Doug Gordon (pictured), head of European distribution at Davy AM, said: "We aim to keep the share class open until we reach £150m or...