Funds in the Managed Solutions Range, including the new Investec Diversified Income Fund, the Cautious Managed Fund, the Multi-Asset Protector Fund and the Diversified Growth Fund, will be affected.
Charges are also being waived on the Investec Enhanced Natural Resources and UK Special Situations funds, and the other funds within the Specialist Range.
David Arid, managing director, UK client group, Investec Asset Managent, said: As an unashamedly active asset manager we are continually listening to our clients, both in terms of constructing our fund range and the retail distribution review’s impact. We want to ensure that the end investor can access our funds at zero initial cost and as such we have waived the initial charge on our entire UK OEIC range.
We completely support the Retail Distribution Review’s commitment to unbundling, and hopefully reducing costs incurred by investors. We believe that waiving our initial fee is good both for investors, and for the fund management industry as a whole.”