Artemis raises fees on Fof range

Artemis will raise the annual management fees on its fund of funds range from 1.25% to 1.5% from 1 J...

Artemis will raise the annual management fees on its fund of funds range from 1.25% to 1.5% from 1 June 2004. The increased charge applies to all eight funds in the group's multi-manager range, run by Aidan Kearney. Artemis has written to its clients, giving them three months' notice of the change. Nick Wells, product and communications director at Artemis, said: "The funds in this range were made available directly to investors from October last year. At this point, we decided we should bring our offerings into line with industry standards. The funds are now no cheaper or more expensive...