liontrust adds RDR share class to macro funds

Liontrust is adding an institutional share class to two of its range of Macro Funds.

liontrust adds RDR share class to macro funds

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The new share class will be added to the CF Liontrust Macro Equity Income and CF Liontrust Macro UK Growth funds run by Stephen Bailey, Jan Luthman and Jamie Clark.

The change will take effect on 8 October giving the funds an RDR-friendly annual management charge of 0.75%.

A third fund, the CF Liontrust Macro UK High Alpha Fund, will remain unchanged, with its AMC at 1.5%.

Liontrust is also in the process of changing the authorised manager and administrator of the funds from Capita to IFDS and dropping the CF prefix for each of them to leave the new-look funds badged as the Liontrust Macro Equity Income, Liontrust Macro UK Growth and Liontrust Macro UK High Alpha funds.

All of these changes are subject to, and conditional upon, approval from the FSA.

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