Neptune ups annual charges

The increases mean Neptune’s entire retail OEIC has an AMC above the industry standard of 1.5pc. Its £15m Managed fund is up 40 basis points from 1.6pc to 2pc and it will also rebrand to Global Alpha. Neptune said the 2pc charge reflected the fund’s multi-asset remit and total return style which is more akin to a hedge fund than traditional long-only product. Meanwhile, the AMC on the £66m European Opportunities fund and the £140m Global Equity fund will rise from 1.6pc to 1.75pc and from 1.5pc to 1.6pc on the Balanced fund. Neptune has been forced to defend the charge increases f...