A growth fund with the freedom to discover hidden gems

L&G's UK Alpha Trust fund has the freedom to invest in any sector, in any size of company and any UK stock.

As a Share Centre Platinum 120 fund, there is a low initial charge when investing in this fund and customers will not be charged dealing commission.

The aim of L&G's UK Alpha Trust fund is to provide the potential for long-term growth by investing in a concentrated portfolio of UK equities.

UK equity funds have not performed as strongly as some other funds in recent years and in particular emerging market funds. Despite this, Andy Parsons, Advice team manager at The Share Centre, explains why he believes the L&G UK Alpha Trust fund is perfectly poised to benefit from the volatile markets we are currently experiencing.

"The fund has the freedom to invest in any sector, company and UK stock market in pursuit of strong capital growth. Though relatively small in size compared to its peers, the fund has flexibility on its side and is gaining momentum. The L&G UK Alpha Trust fund is highly rated having been recently awarded an S&P single A rating as well as a AAA rating by Citywire. The fund has made a return of 41.4% over the past year compared to the sector average of 4.8%.

"We believe that the L&G UK Alpha Trust fund benefits from the power and access L&G have to UK corporates. Legal & General are one of the largest investors in the UK stock market opening boardroom doors to their managers, giving them outstanding insights into companies which they choose to invest in. The fund favours small to mid cap companies which have historically seen the most gains when markets rally. As such we believe it has the potential to perform well for investors during the next anticipated upturn in the market.

"This fund employs a rigorous and disciplined selection process to identify companies that offer security and prospects at a good value with strong future growth. Focusing on companies which have either fallen out of favour with the market or are in the process of restructuring and have the potential for rapid growth. This fund is suitable for investors seeking value and longer-term gains and would be well placed in a core UK portfolio of balanced investments.