New RDR classes for Junior Oils Trust and Junior Gold start trading
In response to the Retail Distribution Review and its recommendations, two new share classes have started trading for the Junior Oils Trust and Junior Gold.
All independent financial advisers and investors holding at least GBP1m worth of shares can subscribe in the “P” classes.
The standard annual management charge will be 1.1 per cent per annum and the standard initial charge of 0.5 per cent will apply.
The investment objective of the Junior Oils Trust is to provide long-term capital growth from a global portfolio of small to medium capitalisation companies specialising in oil exploration and production.
Junior Gold’s objective is to provide long-term capital growth from a globally diversified portfolio investing primarily in small to medium capitalisation companies specialising in identifying, developing and extracting gold. It may also invest in mining companies extracting other precious metals.
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