Royal & SunAlliance Investments is offering an initial charge discount of up to 2% on its recently l...
Royal & SunAlliance Investments is offering an initial charge discount of up to 2% on its recently launched Japan Growth and Pacific Growth Oeics.
The discounts are available to lump sum investors in either fund. The 2% discount is available on the retail Oeic share class, taking the initial charge to 3% from 5%. The annual management charge on retail Oeic investments is 1.5%. IFA commission is 3% with 0.5% renewal.
The 1% discount on the small institutional Oeic share class for both funds means there is no initial charge on lump sum investments during the discount period. The minimum investment for the small institutional share class for Japan Growth and Pacific Growth is £200,000.
A 1% discount for both Japan Growth and Pacific Growth is also offered on Isa investments, taking the initial charge to 4%. The annual management charge on Isa investments is 1.5%. IFA commission is 4% initial and 0.5% renewal. Each of the discounts run until 25 August.
The two Asian Oeics were launched on 30 May, with Japan Growth managed by Jonathan Greenhill and Pacific Growth run by Mike Hanbury-Williams.
Robert Matthews, managing director for institutional and retail funds at Royal & SunAlliance Investments said: "We firmly believe that it is essential that investors have some exposure to this important part of the world economy."
'Necessary steps' taken
Penalty payments and enforcement policy
Fees as low as 0.04%
Only 9,486 applied for the benefit in 12 months
Women and young people adversely affected