Investec Asset Management has increased annual management charges on five of its funds, including its £1.6bn cautious managed fund run by Alastair Mundy.
Annual charges on the cautious fund and on Mundy’s £73m managed distribution fund have risen from 1.25 per cent to 1.5 per cent.
Fees on John Stopford’s £268m strategic bond and £150m global bond funds have risen from 0.75 per cent to 1 per cent and from 0.95 per cent to 1.25 per cent for the £197m monthly high-income fund run by Kieran Roane and Theodore Stamos. But the firm has cut the charges on Stopford’s £374m target return fund from 1.5 per cent to 1.25 per cent.
Managing director David Aird says: “Our AMCs are broadly in line with the industry average.”