Marlborough Fund Managers is to change the charging structure on its UK Equity Income fund and switc...
Marlborough Fund Managers is to change the charging structure on its UK Equity Income fund and switch from weekly to daily pricing next month. The fund's annual management fee is currently charged to income but Marlborough will begin charging to capital from August, subject to unitholder approval. Keith Ounsworth, sales and marketing director of Marlborough, said this will add a 150 basis point kicker to the fund's yield. The move to daily pricing is in response to increasing demand for the fund following the management of the £5.6m portfolio being outsourced to Michael Barnard last Ju...
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