Merrill Lynch in European fund launch

Merrill Lynch Investment Managers (MLIM) has launched the latest in its Dynamic range of funds, the Merrill Lynch European Dynamic fund, managed by Michel Legros. The launch of the European Dynamic fund had been well flagged last year by Investment Week, following the successful launch of the £200m UK Dynamic fund in December 2000. European Dynamic has an initial fee of 5.25% and an annual management charge of 1.5%. On Isa and Pep business, intermediary commission is 3%, with 0.5% renewal paid every six months to brokers whose clients invest with the company for more than 12 months. A 2...