GAM is set to reduce the fees on its multi-asset MPS funds and rename the range to better reflect the investment offering, Investment Week understands.
The changes will see the range's investment team, led by Charles Hepworth (pictured) and James McDaid, intensify its focus on cost efficiency at an underlying fund level.
The move reflects efforts to meet the changing needs of clients, improve customer experience and target future growth opportunities.
While the exact details of the extend of the fees cuts are not yet known, the changes are set to take place "in the coming months", according to a spokesperson.
The Swiss asset manager is also renaming the range to better reflect their investment focus, which will be reflected in the next prospectus to be issues in May or June.
The range will be renamed GAM Managed Fund Solutions (GMFS), while the word 'Global' will be added to the name of each fund, as follows:
• GAM Star Global Defensive fund
• GAM Star Global Cautious fund
• GAM Star Global Balanced fund
• GAM Star Global Growth fund
• GAM Star Global Dynamic Growth fund
The £480m Balanced fund is up 19.2% over three years to 21 March, according to FE, in line with the FO Mixed Asset - Balanced sector.