Allianz GI cuts fees on multi-asset range

Allianz Global Investors has cut the fees across its four-strong multi-asset RiskMaster fund range.

All of the funds now have a target ongoing annual charge of 99bps, representing a significant decrease from the previous charges, which stood between 1.34% and 1.8%. The change applies to the main retail share classes on the fund range. The RiskMaster range is co-managed by David Hollis and Zijian Yang and was brought to the UK three years ago to provide diversified, risk-rated solutions for advisers. The investment process is based on a 'volatility promise', whereby a fund will waive its annual management charge of up to 75bps for three months if its risk category is changed by its r...