SLI hikes charge on Nimmo's UK Smaller Companies fund

Standard Life Investments is set to increase its annual management charges across seven retail offerings including Harry Nimmo's £1.2bn UK Smaller Companies fund.

Nimmo's fund, which is set to be soft-closed on 27 August, will see its AMC increase from 1.5% to 1.6% on 1 November. The group's £30m Global Equity Unconstrained fund, headed up by Mikhail Zverev, will also increase from 1.5% to 1.6%. Standard Life Investments said it has taken the decision to increase the AMC on both funds to bring it in line with other specialist funds in its range which has an AMC of 1.6%. "The UK Smaller Companies and Global Equity Unconstrained funds both offer a high conviction management style targeting a high level of alpha," said the group. "Following ...