CSAM offers 0% initial charge

Credit Suisse Asset Management (CSAM) is offering a 0% initial charging on its Multi-Manager funds of funds, while paying commission of 1%. The offer, which marks the second anniversary of the portfolios, closes when £100m has been sold or on 28 November 2003. CSAM's standard terms of 4% initial charge and 3% commission remain available during this period. The funds are managed by joint heads of multi-manager services Gary Potter and Robert Burdett. Ian Chimes, managing director of CSAM Funds UK, noted nine of the firm's 11 Multi-Manager funds have outperformed their IMA sector a...