Matrix Money Management has finalised the charging structure for the multi-manager VCT it is launchi...
Matrix Money Management has finalised the charging structure for the multi-manager VCT it is launching later this month, writes Leo Bland. The product, which is to be called TriVest, will have an initial charge of 5.5%. The annual management charge will be 2% for the first three years after which it will fall to 1.6%. IFA commission will be 2.25% initial and 0.375% renewal. As previously reported in Investment Week, the VCT will be jointly managed by GLE Development Capital, LICA Development Capital and VCF Partners. GLE is to focus on general commercial investment while LICA will inves...
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