Artemis ditches dual pricing and variable costs

From 1 February all of the Artemis dual-priced unit trusts will be converted to single swing pricing, meaning a mechanism to adjust prices in response to dilution will be introduced, allowing investors to pay a single price when purchasing or redeeming shares. Schroders to drop dual pricing as advisers warn it could cause MiFID II confusion The group said the move will align the pricing on Artemis' unit trusts with the methodology it already uses on its OEIC funds. The cost impact on investors is likely to vary fund to fund, with some fees increasing, others decreasing and the remaind...