BlackRock has reduced the ongoing charges figure (OCF) on five of its most popular index funds with nearly £16bn in assets under management.
They will have their charges cut with effect from 11 August, applicable to the 'clean' D unit class of each affected fund. The five funds - the £650m BlackRock 100 UK Equity Tracker, £8.7bn UK Equity Tracker, £800m US Equity Tracker, £2.9bn North American Equity Tracker and £3bn Continental European Equity Tracker - are part of the BlackRock Collective Investment Funds (BCIF) range. Below are details of the OCF changes for the five funds, with fees on most of the products halved. FundCurrent OCF (June 2015)Estimated OCF from (11th August 2015) BlackRock 100 UK Equity Tracker Fund...
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