BlackRock removes intermediary charge on Hibbert's European Dynamic fund

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BlackRock has scrapped the 1% initial charge for intermediaries investing in Alister Hibbert's European Dynamic fund after assets under management fell to a more manageable level.

BlackRock put the charge in place last November to stem flows into the portfolio after it reached £2bn in size. BlackRock said at the time it would also cap the fund at £2.5bn, as the group moved to...

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