Brooks Macdonald Funds launches RDR share classes

As of today, the annual management charge (AMC) for Class A Shares of the IFSL Brooks Macdonald OEIC will reduce to 0.75%, along with the removal of the fund's initial charge. Existing as well as new investors will benefit from this new charging structure, BMF said. The IFSL Brooks Macdonald OEIC includes the £100m Defensive Capital Fund, along with three fund of funds, which replicate Brooks Macdonald's Managed Portfolio Service and provide an additional means of accessing Brooks Macdonald's investment and research capability. In addition, the frequency of distributions for the Def...