Any IFA's in the house?

[PhilboSE]

Invesco Perpetual have created a new GARS-type fund called the GTR - Global Targeted Returns.

My IFA is pushing me heavily to get into this. Does anyone know if the fund managers are offering an incentive to IFA's who help to build this fund to critical mass?

We know that Fidelity offered incentives to help kickstart a new fund a few years ago at about the same time the same IFA heavily promoted that fund to us...

[PhilboSE]

We'd be investing via a platform that we're already in. It's the time of year when we do a bit of churn to generate some gains. We are pretty seasoned investors (we are the reason that the platform we're in had to withdraw its CGT tool two years running because we found flaws in its calculations).

However in our conversations with our IFA he keeps on coming back to this fund. We already have a significant position in SL GARS so I'm not sure that this new fund is quite as complementary as he suggests. Looks like more of the same to me. However, every time I ask about diversified funds he keeps on espousing the benefits of the IP GTR fund.

We're a little bit jaundiced because I know for a fact that Fidelity were paying incentives direct to IFAs who placed business into their new fund a few years ago, and the timing coincided with our IFA's suggestion to get in...