Baring Asset Management (BAM) is to begin paying trail commission of 0.35%-0.5% per year for unwrapp...
Baring Asset Management (BAM) is to begin paying trail commission of 0.35%-0.5% per year for unwrapped investments made into its range of mutual funds via fund supermarkets.
BAM said the commission, in effect from 1 March, is aimed at making non-Isa investments placed via Cofunds and Fidelity FundsNetwork more attractive.
The renewal is 0.35% on funds with annual management charges of 1.25% or below and 0.5% on funds with annual charges of 1.5%.
BAM associate director Christopher Cade said intermediaries have been interested in funds such as the £17.9m Barings Eastern Trust, £223.3m Global Bond Trust and £120.2m UK Growth Trust and increasingly want to access them via fund supermarkets.
Barings UK Growth has fallen -31.2% over the 12 months to 17 February, offer to bid, compared to a UK All Companies sector average drop of -30.7%. BAM already pays identical trail commission on Isa investments received via fund supermarkets, through which it offers 11 equity unit trusts, two bond unit trusts and one balanced unit trust.
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