Evenlode to reduce fees on £1.5bn Income fund

Effective as of 1 November

Evenlode Investments is set reduce the fees on the £1.5bn Evenlode Income fund, managed by Hugh Yarrow and Ben Peters, following strong inflows.

Effective as of 1 November, the fund has cut the annual management charge (AMC) on the ‘B' share class from 0.95% to 0.90% and the ‘C' share class from 0.85% to 0.80%. Launched in October 2009, the fund is managed by lead portfolio manager Yarrow and Peters, CEO and portfolio manager at Evenlode. Commenting on the reduction in fees, Peters said: "At Evenlode we have an ‘all-in' periodic charge, which means we are able to continuously assess our value proposition to our clients. "As the Evenlode Income fund has grown, the reduction in periodic charge represents that process in actio...