Credit Suisse Asset Management Funds (UK) is to offer a 1% discount on Oeic investments in its UK eq...
Credit Suisse Asset Management Funds (UK) is to offer a 1% discount on Oeic investments in its UK equity income funds from 19 June, writes Leo Bland.
The discounts will be available on the retail Oeic share class of Credit Suisse Income and Credit Suisse Monthly Income Portfolio. As a result, the initial charge on the funds for Oeic investments will be down to 4.25%, from 5.25%. Standard commission of 3% initial will be available to IFAs. The offer will run until 1 September.
The annual management charge on the funds is 1.2% and renewal commission of 0.5% is also available.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till