Matrix Money Management is to run a 1% discount on the Matrix Quantock UK Growth Oeic for the Isa s...
Matrix Money Management is to run a 1% discount on the Matrix Quantock UK Growth Oeic for the Isa season, writes Leo Bland.
The discount will run from 5 January to 5 April and will take the initial charge on the Oeic to 4.2% from 5.2%.
The offer marks the fifth anniversary of the launch of the product in 1995 and applies to Isa and Oeic lump-sums for which the minimum investment is £5,000.
The fund, which is managed by Bob Brown, was previously called the CF Quantock unit trust and was converted to an Oeic earlier this year.
The annual management charge is 1.5%, while the fund offers IFA commission of 3% initial and 0.375% renewal. The Oeic also offers a share class for institutional investors with a £25,000 minimum investment, no initial charge and 1% annual management fee.
Contact: 0207 292 0825
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