Lazard unveils Alpha Isa

uk and European funds packaged together with discounted initial fee to form isa offering

Lazard Asset Management is offering its UK Alpha and European Alpha funds as an Isa package with a reduced initial charge. The Lazard Alpha Isa will have a 3.5% upfront fee, compared to the usual 3.75%, available until 30 April. Intermediary commission will continue to be 3% initial, with 0.5% renewal and the annual fee on the funds is 1.5%. The European Alpha product is managed by Gabrielle Boyle and UK Alpha by Simon Roberts. The UK fund was launched in 1999, has around 46 stocks, a target tracking error of between 4%-6% and its top 10 overweight bets include Rentokil, HBOS, Allied D...