BAM to pay trail commission on its unwrapped investments

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 G...