Marlborough Fund Managers is launching its Managed Growth Plan, which offers equal exposure to two o...
Marlborough Fund Managers is launching its Managed Growth Plan, which offers equal exposure to two of its unit trusts in an Isa wrapper, writes Ruth Alexander.
The two funds made available in the plan, which is offering a 0.6% renewal commission, will be the Marlborough UK Equity Growth Fund and the Marlborough Managed Trust, which are run by Mike Barnard and the CEO, Geoff Hitchen, respectively. The plan launching this week, is offering a special initial commission rate of 4% until 30 April, when it will revert to 3%. Renewal commission of 0.6% is also available. The annual management charge on the UK Equity Growth Fund stands at 1.5% and it has an initial charge of 5.25%.
The Managed Trust has an initial fee of 5% and its annual management charge is 1.125%.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till