Standard looks to swing

group moves to swinging single price in order to avoid dilution levies

Standard Life Investments is to move its entire Oeic range to swinging single pricing in order to stop imposing dilution levies of up to 1.80% on inflows into its funds. Such is the growth in some portfolios that the group has had to add the levy on amounts as small as £100,000 to protect existing investors from bearing the costs of such inflows. Head of mutual funds at SLI Jacquie Kerr said in some cases, the levies have gone as high as 1.80% on the group's smaller less liquid portfolios. This is serving as a disincentive for investors, she noted and is also diluting performance on some...