Cazenove Capital Management has made unbundled share classes available to intermediaries across its equity and multi-manager fund ranges ahead of the RDR deadline at the end of the year.
The AMC on the equity 'x' share class funds sold via advisers through platforms will be 0.75%, while the annual charge on the multi-manager funds will be 0.5%. The £1m minimum investment has been reduced to £1,000 when purchasing the funds for clients through platforms. The unbundled products will sit alongside the existing retail share classes, which have AMCs of 1.5%, as well as the A share class - typically sold through life products - which has an AMC of 1%. As part of the change, Cazenove has also teamed up with Distribution Technology (DT) to provide a range of risk ratings f...
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