AJ Bell slashes fees across entire passive multi-asset range

OCFs of 0.35%

Tom Eckett
clock
AJ Bell slashes fees across entire passive multi-asset range
Image:

AJ Bell slashes fees across entire passive multi-asset range

AJ Bell has further cut fees across its six passive multi-asset funds following a number of cost savings it has made as a result of the products growing in size.

The six funds have seen their ongoing charges figures (OCFs) capped at 0.35%, down from the 0.5% OCF established when they launched in May 2017. The funds' annual management charge is fixed at 0.15%, meaning any cost savings are passed back to clients through a lower OCF. Last month, the firm cut fees on three of the range. The Passive Balanced fund, the largest portfolio, saw its OCF slashed to 0.4% from 0.47%, while the Passive Adventurous and Moderately Adventurous funds saw their OCFs drop to 0.44% from 0.5%. Kevin Doran, CIO at AJ Bell, commented: "When we launched our funds a...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Multi-asset

David Coombs, head of multi-asset at Rathbones Unit Trust Management

Rathbones' Coombs: Multi-asset funds 'called it right' but unable to combat hardship

Rathbone Multi-Asset Strategic Growth

clock 05 August 2022 • 3 min read
UK equities saw the largest outflows out of any category, at more than £2bn.

Refinitiv: Equity funds see almost £7bn outflows in June

Passive bonds attract fresh capital

clock 18 July 2022 • 3 min read
Duncan MacInnes is manager of the trust

Ruffer cuts equities to all-time lows as 'financial repression' settles in

Resilient premium

Eve Maddox-Jones
clock 18 July 2022 • 3 min read
Trustpilot