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Fundsnetwork enhances commission

FundsNetwork is to offer discount and enhanced comm-ission offers on multi-manager funds.

A range of special offers will be offered on multi-manager funds from nine major prov-iders until April 30. The nine firms are Artemis, Axa, Credit Suisse, Fidelity, F&C, Gartmore, Insight, Jupiter and Schroders.

The improved terms apply to all investments, including contributions through Isas.

Initial commission of 4.25 per cent is being offered on Jupiter’s Merlin range while a 1 per cent discount is being offered on the initial charge of Credit Suisse multi-manager funds.

The Credit Suisse multi-manager funds, managed by Gary Potter and Robert Burdett, include UK, international, emerging markets and sterling bond funds. Jupiter’s multi-manager funds, managed by John Chatfeild-Roberts, include the Jupiter Merlin income portfolio, the Merlin growth portfolio and the Merlin worldwide portfolio.

Over three years, the Cre-dit Suisse UK strategic growth portfolio has ranked 15th out of 57, with a return of 12.9 per cent compared with a sector average of 6.7 per cent. Over the same period, Jupiter’s Merlin growth portfolio has ranked fourth with a return of 23.9 per cent.

FundsNetwork marketing director Rob Fisher says: “We believe multi-manager will continue to grow in popularity as more advisers seek to outsource their asset allocation and fund selection and we are delighted to be able to offer these discounts and commissions on these popular funds.”

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