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Credit Suisse is extending discount deal to Cofunds

Credit Suisse Asset Management has issued new dealing terms on its multi-manager range.

It will extend a discount offer on all Isa, Pep and unit trust investments into the CS multi-manager fund of funds portfolios on the Cofunds platform. The offer is already on the FundsNetwork platform.

From February, the funds will be available at 3 per cent commission and 1 per cent discount, giving intermediaries the opportunity of taking the full 3 per cent commission or passing it on as a discount to investors. Initial charge on the multi-manager funds is 4 per cent. The offer will run until April 30. Six of the CS multi-manager portfolio funds were recently awarded AA ratings from Old Broad Street Research after nine out of 11 outperformed the sector average over three years.

CSAM funds managing director Ian Chimes says: “Mirroring what we have already introduced with FundsNetwork, this commission and discount offer on all our multi-manager funds will be accessible from the end of the month.”

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