Investec offer on managed funds

Investec Asset Management is offering investors in its Cautious Managed and Managed Distribution fun...

Investec Asset Management is offering investors in its Cautious Managed and Managed Distribution funds a 0.5% discount off the 4.5% initial charge until 30 June this year. With the group currently offering intermediaries 4% commission on both funds, this means it will be taking no money itself from the two funds' initial fee. Both portfolios are managed by Alastair Mundy and invest in a mix of bonds and equities. The £26m Managed Distribution fund has more of a bias towards bonds, with a minimum of 60% invested in fixed interest at any one time. Meanwhile, the £213m Cautious Managed fund...