Effective from 1 May, UK retail investors will now pay an OCF of 0.99% across the RiskMaster range’s C Accumulation share class, which includes the Defensive, Conservative, Moderate and Growth vehicles.
The suite, having formerly carried OCFs ranging from 1.34% to 1.8%, will retain the 0.75% annual management charge across the range – however, Allianz said that if the risk characteristics on any of the funds is altered then the AMC will be discounted for the three months following the change.
“We know simplicity remains a critical factor when it comes to fund charges, so we hope this new target OCF fee structure will prove popular with investors,” said Fraser Blain, AllianzGI’s head of UK retail distribution.
“With RiskMaster three years old this month, we believe this new, lower, simpler fee structure will allow an even broader pool of investors to access RiskMaster funds and be able to benefit from the intelligent approach to smart risk taking that the range offers.”
Since launching in May 2012, the Defensive, Conservative, Moderate and Growth funds have all fallen short of their sector averages, delivering returns of 12.5%, 19.9%, 25.8% and 28.7% respectively.
The funds are co-managed by David Hollis and Zijian Yang of AllianzGI’s multi-asset team.
