Cazenove drops multi-manager initial charge

Cazenove is scrapping the initial charge on its multi-manager funds for a limited period from 1 June...

Cazenove is scrapping the initial charge on its multi-manager funds for a limited period from 1 June. The group will make the full 5% initial charge available as initial commission so that it can be given up on a one for one basis. When no upfront commission is taken, there will be no initial charge. The offer, to celebrate the funds’ fifth anniversaries, will run until 31 October and will apply to Cazenove Multi-Manager Diversity fund, Managed Equity fund, UK Growth fund and the Global fund managed by Mark Harries and Simon Wood. Discounts will also apply when investing through Cofun...