AJ Bell has reduced charges on three of its passive multi-asset funds following a number of cost savings it has made as a result of the products growing in size.
The Passive Balanced fund, the largest portfolio, has seen its ongoing charges figure (OCF) cut to 0.4% from 0.47%, while the Passive Adventurous and Moderately Adventurous funds have seen their OCFs drop...
European Fund and Asset Management Association
Will join IA sectors Q1 2020
Inflows of $99.1bn in Q1
Trading and holding costs
'Received interest from 100 firms'
Achieved Chartered status
'Until absolutely safe'
Consults to address 'structural mismatch'