Thesis replaces UK equity funds with stocks on Optima range

Almost all UK equity unit trusts have been replaced with direct exposure to UK stocks across all portfolios in the range, but the firm will continue to hold funds in other asset classes. The Optima range is made up of income, balanced and growth portfolios. The change has reduced the ongoing charge figure (OCF) for all share classes with the cheapest class, the Optima Balanced - C share class falling from 1.34% to 1.04%. Gaurav Gupta, model portfolio manager at Thesis, said: "The industry as a whole is facing pressure on cost and it needs to demonstrate that it provides value for mone...