Rathbones slashes fees on multi-asset range

Anna Fedorova
clock

Rathbone Unit Trust Management is slashing fees on its entire multi-asset range, as it prepares to include direct equities in portfolios as part of a shift to a "private client-style product".

The firm will cut the annual management charge across its multi-asset range from 75bps to 50bps from 1 August, as it switches from 'I' to 'S' share classes. The OCF will also be reduced as a result of these changes, as well as by the new way administration fees will be paid on the funds. These charges will now be met by the group, instead of being paid from the assets held in the funds, reducing the OCF by around 11bps, the group estimates. From 1 October, all the funds in the range will also be able to include direct large-cap equities, as well as investing in funds, which is expe...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Managed funds

RSMR launches Passive Plus MPS range with five portfolios to market

RSMR launches Passive Plus MPS range with five portfolios to market

'Simplicity' of passives

Hope Coumbe
clock 29 February 2024 • 1 min read
Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Quilter WealthSelect exits impact EM fund following exclusion breach investigation

Part of the portfolio’s sustainable range

Valeria Martinez
clock 04 October 2023 • 3 min read
Partner Insight: Is volatility an advantage for active managers?

Partner Insight: Is volatility an advantage for active managers?

Given their mandate to pick the winners, market volatility is often said to be favourable for actively managed funds. But is this actually the case?

Stephen Lawrence, Head of Indexing Research, Investment Strategy Group, Vanguard
clock 14 August 2023 • 10 min read
Trustpilot