Somerset Capital: Why we are sticking with 'contentious' dilution levy

Laura Dew

Somerset Capital has admitted a new dilution levy on its funds has proved 'contentious' despite being in keeping with an industry-wide drive to cost transparency.

The group has imposed extra charges for those buying and selling its emerging market OEICs last month, ensuring existing investors do not see their own unit prices diluted by these costs. The levy amounts...

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