The range will include a share class with an annual management charge of 0.5%. A spokesperson for the company confirmed they are in the process of working with the various platforms to make this available to intermediaries as soon as possible.
This new pricing structure will be implemented across the funds run by Marcus Brookes and Robin McDonald, co-managers of the Cazenove Multi-Manager Diversity range. From the end of March/early April, this will include the new-look Multi-Manager Diversity Balanced Fund that is to be renamed and converted from a Ucits structure to a Nurs structure. This is currently waiting for FSA sign-off.
This change will give McDonald and Brookes greater flexibility in what they are able to invest in given the restrictions that Ucits imposes.
At the same time, Cazenove Capital’s funds are to be risk-rated by Distribution Technology who has given each of the funds within the Diversity range a rating of between four and eight:
- Multi-Manager Diversity (risk-rated 4)
- Diversity Income (4)
- Multi-Manager Diversity Balanced (5)
- Multi-Manager Diversity Tactical (6)
- Multi-Manager UK Growth (7)
- Multi-Manager Global ex-UK (8)
