Vanguard has cut the ongoing charges figure (OCF) on its suite of LifeStrategy funds as the vehicles continue to gather assets.
The OCF on the five funds in the Vanguard LifeStrategy range have been reduced from 0.24% to 0.22% per annum, as of today. This is the third time Vanguard has reduced the OCF on the LifeStrategy fund range since its launch in 2011. The suite of funds, which has grown to £5bn in assets under management, offers investors broad exposure to a mix of global fixed income and equity investments. The funds are required to meet a variety of risk-return requirements, and having various allocations to equities, ranging from 20% to 100% in equities. Robyn Laidlaw, head of UK distribution...
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