7IM renames Unconstrained fund and reduces AMC
Seven Investment Management (7IM) is to rename and change the fee structure of its £62m 7IM Unconstrained Fund.
Seven Investment Management (7IM) is to rename and change the fee structure of its £62m 7IM Unconstrained Fund.
Baillie Gifford has reduced annual management charges across its range of UK Oeics and Irish Ucits funds, with effect from 1 October 2017.
Legal & General Investment Management has consolidated charges across its range of funds available to retail investors.
Allianz Global Investors has lowered the ongoing charges figures on its RiskMaster fund suite as the firm moves to broaden its appeal to retail investors.
JP Morgan Asset Management is to bring down costs for investors on five of its funds by more than 30%, effective from 1 April.
The FCA today urged fund managers to focus on the ongoing charges rather than annual management charges in a bid to improve transparency.
T.Bailey is cutting the annual management charge on its fund-of funds range and introducing a name change to offer investors greater clarity.
Some funds are sitting on large cash piles as uncertain markets cloud where real opportunities can be found. But calls have been made for active managers to cut their fees when not fully invested.
Baillie Gifford is to discount the initial charge (not the annual management charge as previously stated)on its Global Income Fund for six months from 1 November.