Evercore Pan-Asset Capital Management has slashed fees for investors buying its PanDynamic funds at launch, in order to entice IFAs into its retail ETF range.
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."
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