Investec Asset Management is waiving the initial charge across its entire UK Oeic fund range to tailor its offering for the post-RDR marketplace.
The waiver applies to the firm’s risk-rated Managed Solutions range, including Alastair Mundy’s Investec Cautious Managed fund and John Stopford’s recently launched Investec Diversified Income fund, as well as its specialist range, which includes Bradley George’s Investec Enhanced Natural Resources fund and Mundy’s Investec UK Special Situations fund.
Investec Asset Management UK client group managing director David Aird says the company is responding to client demands on both the construction of its fund range and the impact of RDR, which came into force at the start of the year.
He says: “We want to ensure that the end investor can access our funds at zero initial cost and as such we have waived the initial charge on our entire UK Oeic range.
“We completely support the retail distribution review’s commitment to unbundling, and hopefully reducing costs incurred by investors. We believe that waiving our initial fee is good both for investors, and for the fund management industry as a whole.”