Evercore slashes ETF fees to entice IFAs

The firm says all subscriptions received before 30 April 2010 will have no subscription charge. The annual management charge of 0.4% will also be rebated pro-rata up until 30 September this year, in the form of extra fund units. Evercore Pan-Asset CEO Christopher Aldous says: "Our fund range has one of the lowest total expense ratios in the market at a time when the investment community is looking hard at fees." He adds: "Our use of ETFs also helps keep costs down. We believe this launch offer should make the PanDynamic funds a compelling solution for UK IFAs."