Subject to regulatory approval, the institutional share class AMCs will be reduced from 75 basis points to 60bps across its range, including the £177.2m Growth fund, seen as its flagship product.
T.Bailey’s £26m Dynamic Cautious Managed and £17m Defensive Cautious Managed have had their product names simplified, removing the terms ‘Cautious Managed’ from their labels.
The ‘clean’ institutional share classes, with a minimum investment of £1,000, will continue to be available to direct investors and the retail market via platforms. The move is expected to be effective from January 2014.
T.Bailey chief executive Peter Letley said: “The T. Bailey funds offer the investor a one-stop whole-of-market investment solution and the planned reduction in the AMC to 0.60% underlines the value of this proposition.
“Each fund is tailored to a different objective but the unifying theme is an investment team making expert asset allocation calls and then prepared to look beyond the household names and devote the time and resources to find high-conviction fund managers with the skill and flair to deliver real alpha for our investors.”
Letley said the group’s approach of looking to smaller, less established managers was one of its points of difference.
He added: “Renaming the funds will bring further clarity to our range and help investors quickly and easily identify the vehicle that best matches their objectives.”
Both funds sit in the IMA Mixed Investment 20-60% sector. This is the second name change in three years for the Dynamic fund, which was called T.Bailey Cautious Managed until October 2010.
