BlackRock to soft-close Hibbert's European Dynamic fund

The existing A and D share classes in Hibbert's (pictured) European Dynamic fund will be closed on 7 November and replaced by new unit classes FA and FD. Investments in the FA class after that date will come at a 1% initial charge, while the FD share class will incur a charge of 5%, with both paid directly into the fund. The group said the strategy will continue to operate with the new classes until it reaches £2.5bn in size, at which point the new unit classes will be closed to further subscription. Additionally, the £56m European Absolute Alpha fund, launched just over a year ago...