F&C increases AMC on 11 funds

Introduced on March 1, F&C says the original charges were mainly on legacy funds which had historically lower charges. AMC on Ted Scott’s two ethical Stewardship portfolios has climbed from 1.375% to 1.5%, while Scott’s UK Growth & Income and UK Smaller Companies saw an increase from 1.25% to 1.5%. The UK Equity and UK Equity Income funds and the Managed Balanced, Distribution and Growth funds also jumped to 1.5%, from 1.25%. Julie Dent’s Multi Manager Investment Trust will now have a 1.25% AMC, up from 1%. To comment on this story, contact: Hysni Kaso Reporter 0207 484 9793 Hysn...