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Iveagh unveils 90% minimum investment cut in post-RDR drive

Independent asset management house Iveagh has reduced the investment minimum on its funds and unveiled clean a share class as part of plans to grow business in the retail market.

The minimum subscription to the Guinness family-backed firm’s entire Ucits range, which comprises the the Iveagh Wealth fund and the six-strong volatility-target Core Portfolio range, has been cut from £10,000 to £1,000. The new R share class will have an annual management charge of 1 per cent.

Iveagh chief executive Richard Ford says: “The clean share classes on all Iveagh funds are available now to meet the current needs of advisers and platforms and provide piece of mind for investors.

“The minimum investment of £1,000 signals our commitment to the retail market, particularly our volatility-targeted Core Portfolio range which is resonating well among financial advisers.”

The Core Portfolio range, which launched in 2011 to cater for the post-RDR industry, includes Iveagh Adventurous Portfolio, Iveagh Balanced Portfolio, Iveagh Cautious Portfolio, Iveagh Growth Portfolio, Iveagh Income Portfolio and Iveagh Moderate Portfolio.

In September 2012, Iveagh added retail veterans Gerry Aherne and Martin Harrison to its board as part of its plans to grow business in the retail space.

Aherne has experience as non-executive director of Henderson and executive director of Schroder Investment Management and Majedie Investments, while Harrison was senior director for mutual funds at GAM before taking up the role with Iveagh.



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