Trojan fund still available on the Alliance Trust Savings i.nvest

Alliance Trust Savings, one of the country's top platform providers is reminding customers that the top performing Troy Asset Management Trojan fund is still available to new and existing customers on the Alliance Trust Savings i.nvest platform.

Troy Asset Management announced in February that they would be soft closing the fund. From 30 April 2011 new investors have required a minimum investment of £250,000 and additionally will incur an initial charge of 5%.

The good news for Alliance Trust Savings customers is that they will be unaffected by these changes meaning they do not have to invest the required minimum amount and crucially they do not have to pay the initial charge of 5%. Even if an individual does not have an account currently with Alliance Trust Savings they will still be able to benefit from the pre 30 April terms irrespective of when they open an account.

Any new platform that adds the fund to their portfolio will need to adhere to the £250,000 minimum investment and customers will be subject to the 5% initial charge.

Malcolm Dodds, Head of Platform Services at Alliance Trust Savings commented: "Troy Asset Management's Trojan fund has proved extremely popular with investors. In February it was the most popular fund on our i.nvest platform by gross inflows (online purchases only). Over five years it has returned 48.2% compared to 16.6% for the average balanced managed fund.

"With this in mind we are delighted that the restrictions that are being brought in from 30 April will not apply to our existing or new customers that join our platform. The fund is available to our ISA, SIPP and Dealing Account customers via our i.nvest platform."