ter of global strategy funds to be reduced
The total expense ratio (TERs) on Investec's Global Strategy Funds are likely to be reduced, following the merger of the Investec International Accumulation Funds (IAFs) into the range. The result of this merger will be to remove duplication within the group's fund ranges delivering economies of scale for existing clients and enhancing the scale of its core off-shore fund platform. Mike Ryder Richardson, offshore marketing director of Investec Asset Management, said: "We are continually looking at ways we can improve our fund offering to investors. The recent changes in UK tax regulat...
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